Proposition 2 poses no cost to state taxpayers?
By W. Gardner Selby
Published on Sunday, November 6th, 2011 at 11:08 a.m.
An email blast advocating for a proposed constitutional amendment on the Nov. 8, 2011, Texas ballot says Proposition 2 will help "build critical local water supply projects that create jobs and protect us from drought and wildfire."
The email from Texans 4 Prop 2, funded by the H2O4TEXAS committee, goes on: "This does not cost state taxpayers any money. Yes, that’s right, Prop 2 advances critical, job-creating local water projects at no cost to state taxpayers."
Residents of communities benefiting from the requested $6 billion boost in bonding authority would pay such debt costs.
We looked into whether state taxpayers would be scot-free.
Answer: So long as future Legislatures don't exploit their standing--and occasionally used--authority to pay some of the bond debt from state revenue, meaning money raised from state taxpayers. We rated the claim Half True.
See the Truth-O-Meter item.
Researchers: W. Gardner Selby
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