Oct 31

Written by:
10/31/2011 7:05 AM 

Then vote for Proposition 2 on November 8, 2011. Proposition 2 saves taxpayer dollars on water projects needed by many communities. For example, it gives cities a lower-cost way to repair and replace water mains and to keep treatment plants from being overwhelmed.

How does Proposition 2 save money?
If Proposition 2 passes, communities can finance these much-needed projects through Texas Water Development Board bonds—a low-cost way to pay for them. Without Proposition 2, communities will be forced to finance these projects via alternate, more expensive methods.

What about the other propositions on the Nov. 8 ballot?
The Texas Association of REALTORS® has also endorsed Propositions 1 and 8. Proposition 8 extends a tax exemption to Texans who manage their land to conserve water and protect water quality. Proposition 1 would allow the surviving spouse of a 100% or totally disabled veteran to retain the disabled veteran's property-tax exemption after the veteran is deceased.