US Vote Smart
|Texas Constitutional Amendment - Proposition 2 - AGAINST|
The constitutional amendment authorizing a county to finance the development or redevelopment of transportation or infrastructure in unproductive, underdeveloped, or blighted areas in the county.
What it Does: Authorizes counties to issue bonds to fund infrastructure and transportation projects in underdeveloped, unproductive, or blighted areas.
Background: The Texas Constitution, Art. 8, Sec. 1-g(b), currently allows the Legislature to authorize an incorporated city or town to issue bonds to finance the development of an unproductive, underdeveloped, or blighted area and to pledge increases in property tax revenue in that area to repay the bonds.
MCTP position: Government needs to stay out of the investment business and leave that to the private sector.