Although the investigations into what caused the Deepwater Horizon accident are still ongoing, and the presidential commission on the oil spill has only begun its work, Congress has been busy with legislative initiatives that could significantly alter the landscape of energy production in America. Unfortunately these early measures (principally H.R. 3534 and S. 3663) may cause more problems than they solve, especially for Texas.
Growing Pains: The Cost and Contribution of Impact Fees in Texas
Texas’s rapidly growing population requires new infrastructure and improvements, which oftentimes come at great expense. To fund these projects, local officials often impose impact fees on new development—but their use comes at a cost. Key points: Texas is the fastest-growing state in the nation. As such, it has robust infrastructure requirements. To help finance capital...