Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Texas Voters Pass $6 Billion Measure for Water Projects, AP Says

Don't Miss Out —
Follow us on:

Nov. 8 (Bloomberg) -- Texas voters approved borrowing $6 billion to make loans to communities to invest in water supplies, treatment plants and conservation projects amid a record drought across much of the state, the Associated Press reported.

The measure received support from almost 52 percent of votes to about 48 percent against with about 91 percent of precincts reporting, according to figures posted today on the Secretary of State’s website.

Supporters said the program won’t cost the state any money because the Texas Water Development Board will loan proceeds to local governments that will repay the debt with revenue generated from the projects.

To contact the reporter on this story: Darrell Preston in Dallas at dpreston@bloomberg.net

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net