There has been much gnashing of teeth over “Prop 1” that in a nutshell, would divert a portion of extra revenues that come into the Texas treasury into road building instead of the general fund or being parked in an already large rainy day fund (RDF). (The revenues are a result of the booming oil and gas business in the state.)
In general, I do not like bonds or debt of any sort. (Government debt is fundamentally stealing from future generations—it is NOT the same as private debt.) However, Prop 1 provides for pay-as-you-go, not debt, and with our booming Texas population, we DO need some road work!