Written by Amanda Casanova
Cities in the Metroplex, including Irving, may get some help financing water projects after the Texas Legislature approved $2 billion from the state’s Rainy Day Fund for projects meant to manage the state’s drought problems.
In the last days of the 93rd Texas Legislative Session, the House voted 130-16 for a constitutional amendment to create a pair of accounts to loan money from. After a budget is approved, Texas voters will have a chance to vote on the amendment.
Senate Joint Resolution 1 asks for an amendment to create the two water fund accounts: the State Water Implementation Fund of Texas (SWIFT) and the State Water Implementation Revenue Fund of Texas (SWIRFT).