Going Green

Wednesday, May 7, 2008

Booming Texas Economy: What to do With the Surplus

Some good economic news is always welcome. My first reaction is "Yeehaw, I can't wait to get my rebate check!" Upon further reflection however, I think this money should be invested in infrastructure. We need to expand the power grid to get the wind-generated electricity from West Texas to the population centers like DFW, Houston and San Antonio. We also would benefit from a pipeline to move ethanol from plants in the Panhandle to the blenders in Corpus Christi and Houston. We could definitely use additional water resource development and the highways seem to always need upgrading (preferably not as tollways). Let's keep the Texas economy booming by investing the anticipated surplus in the infrastructure necessary to handle the growth.

May 7, 2008, 12:20AM

Oil prices help Texas rake in $10.7 billion surplus

Sales tax revenue also aids projected overflow Perry hopes to share with you

Copyright 2008 Houston Chronicle Austin Bureau

AUSTIN — The nation may be on the verge of a recession, but the Texas economy is doing well enough for Comptroller Susan Combs to predict Tuesday that the Legislature will have a $10.7 billion surplus when it convenes in January.

Much of the extra money can be attributed to...(complete article here).

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