from TRWA website

The Texas Water Fund, and the $1 billion allocated to it by the Legislature in May of 2023, will be on the ballot this November. Texas voters must approve the changes to the state's constitution required to set up the new dedicated source of funding for water infrastructure and new water sources. This funding will be used to replace and upgrade our water utility infrastructure and develop new water resources, both necessary to meet the growth and demands of our state now and in the future. The funding will come from the state's budget  and will not raise taxes.  Early voting begins on Monday, October 23, and election day is Tuesday, November 7. 

If voters approve Proposition 6 this November, then the Legislature has authorized a one-time $1 billion deposit into the Texas Water Fund. This represents a critical down payment for addressing Texas’ long-term water infrastructure challenges, which include the need for more water supplies in a drought-prone state and the growing problems associated with aging, deteriorating, and leaking water infrastructure.