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What is Proposition 6?

Background

As several interest groups push for billions of dollars to finance water projects, the opposition is warning it could be another opportunity for cronyism.

Photo Illustration by Sean Gallup/Getty Images

As several interest groups push for billions of dollars to finance water projects, the opposition is warning it could be another opportunity for cronyism.

Update: Prop 6 passed. Read the full story here.

Voters in Texas will have the opportunity Tuesday to weigh in on a proposal to fund water projects in the state. There’s a lot involved that’s not in the ballot language, so we’ve put together an explainer on the amendment.

What is Prop 6 Exactly?

Proposition 6 is a constitutional amendment that would take $2 billion out of the state’s Rainy Day to create two accounts to help fund water projects in the state: the State Water Implementation Fund of Texas (SWIFT) and the State Water Implementation Revenue Fund of Texas (SWIRFT).

The initial $2 billion would be transferred from the Rainy Day fund to the SWIFT. Over time, revenue generated from SWIFT projects would be into the SWIRFT.

The SWIRFT money would then be used to fund even more projects. Together, backers argue, accounts could fund over $25 billion worth of projects over the next 50 years.

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