The future of Texas is dry
POSTED: Wednesday, October 5, 2011 - 6:11pm
UPDATED: Wednesday, October 5, 2011 - 6:43pm
As we’ve been telling you for months, Texas is facing months of continued dry weather, and that will mean water restrictions and shortages all over the state.
It’s as simple as this.
Texas needs water and it will need it in large quantities.
And relief is in sight…not in the sky but in the voting booth.
We are in the middle of an unprecedented weather pattern that means our resources are under severe strain.
“Which is why we continue to monitor our supplies and our demands on a daily basis,” SAYS Greg Morgan of Tyler Water Utilities.
Tyler has just announced voluntary restrictions on lawn watering to help slow the drain on our water supplies.
But nevertheless, Lake Palestine is now 20% smaller than it was this time last year. Lake Tyler is almost one third smaller.
“In this decade, in drought of record, we’d be short about 3.6-million acre feet. That’s the equivalent of filling Cowboys Stadium 35 times,” says Dr. Dan Hardin of the Texas Water Development Board
The Board hopes voters will rectify that with Proposition two, on the ballot in November.
“Prop. 2 provides a financing alternative for communities to finance these projects and receive costs at the states credit rating at a significant savings,” says Piper Montemayor of the TWDB.
And the business community is behind it.
“Those governments are going to incur that debt regardless,” says Steve Minick of the Texas Association of Business. “So if we don’t have Prop. 2, they’re going to still be out there borrowing money. So the problem is, they’re going to be borrowing money at a less competitive rate.”
The Water Board, incidentally, has an excellent record in managing those loans.
They haven’t had a loan default in 50 years.
Your local bank can’t say that.