Dr. Sheila Olmstead On Prop 6

In November 2013, voters from around Texas overwhelmingly approved a referendum that would allocate $2 billion from the state’s Economic Stabilization (Rainy Day) Fund to start water projects already included in the Texas Water Development Board’s State Water Plan. Many interested parties, including legislators and environmental groups, believe that the real work lies ahead. Where is this money going to go? And which projects are ultimately going to be funded? Andy Uhler spoke with the LBJ School’s own natural resource economist, Dr. Sheila Olmstead, to discuss the implications of this referendum, in a larger sense, for Texas public policy.  Andy Uhler: I think the...

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