Blog by TAB CEO Glenn Hamer
As the Constitutional Amendment Election approaches on November 7th, Texas faces a pivotal opportunity to fortify its business climate. TAB’s political action committee, the TXBIX PAC, endorsed several critical amendments, including propositions 2 and 4 through 8. These constitutional amendments are poised to shape the state's future in various ways, aiming to advance our infrastructure, improve general quality of life and support multiple systems, including the energy and higher education sectors.
The public's sentiment regarding these amendments, as revealed by a recent University of Houston-Texas Southern University poll, indicates substantial support for the majority of the propositions. Propositions 6 and 7, which address water and energy infrastructure, respectively, have garnered particularly robust backing from likely voters, with over two-thirds in favor.
Proposition 4 would allow Texas to spend $18 billion on property tax cuts for homeowners and businesses, as well as cut school districts’ tax rates and provide intensive tax relief to Texans. Proposition 5 would establish the Texas University Fund, a $3.9 billion endowment to help up-and-coming research universities across the state enhance capabilities, strengthening Texas’ higher education opportunities.
The upcoming election presents an opportunity to position Texas as a state with a robust workforce, advanced infrastructure, and an excellent quality of life for all. Dave Carney, Governor Abbott’s campaign strategist, spoke to the importance of voter engagement and turnout on a webinar with TAB saying, “Long-term, these (propositions) are important and the more we can do to encourage people to get out… and go vote yes for the future of Texas.”
As the election draws near, it's crucial to understand the implications of each proposition for our state. Early voting lasts until November 3rd, with polls opening at 7 a.m. on election day, November 7th, and staying open until 7 p.m. It’s time to fully utilize this opportunity to voice your opinions on these momentous changes, and with informed decisions, collectively drive the state towards a more prosperous tomorrow. Let’s shape the future of Texas together.
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