Financing the state’s huge appetite for roadways and infrastructure will certainly be challenging. Texas will either have to raise taxes-a bad move in any economy, but an even worse policy decision in today’s souring economic environment-or look to alternative funding methods. One such method: public-private partnerships (PPPs).
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...