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Market News and Trends, The Business of Real Estate

Ask the legislature to fund the water plan


As of November 25, 2012 the reservoirs (Lake Travis and Lake Buchanan) that provide virtually all of the water that Austin and Travis County depend on are holding 849,000 acre-feet of supply.  We used 880,000 acre-feet in 2011.  I trust the issue is obvious.  Even with expected inflows to the Lower Colorado system it is projected that we have just 21 to 22 months of water available for a very popular, fast-growing metropolitan area.

Combined storage is almost down to levels last seen almost 50 years ago, when Austin was far from “metropolitan” and the entire population of Central Texas was much lower than the city itself now. There are stopgaps, and there are solutions.  None are easy, and few are inexpensive.  Moreover, needs and solutions vary widely across this vast state of ours.  In a moment I’ll ask you to contact your representatives in the state legislature, but first I want to outline the issues a little further.

Specific plans for 16 identified regions of Texas have been agreed and presented formally in the State Water Plan:

Without water, the economic health and growth that Texas enjoys will be in jeopardy.  The water plan is workable.  What’s missing is the money to make it work.  And like all things that involve government and politics, how to fund such an important long-term process is controversial.  This recent article from the Austin American-Statesman frames the controversy well:

Water funding forecast cloudy

Ultimately, the discussion of “local control” will happen.  But when the state capital may have less than two years’ water supply left, and other parts of the state even less, using State funds to kick-start the process makes enormous and, to me, very clear sense.  I’ll be working through the Austin Board of REALTORS® and the Water Issues subcommittee that I chair to help shine light on the need to fund the water plan while the legislature is in town over the next several months.  You can help by expressing your support.  Contact your representatives in the state House and Senate.

I would love to hear your thoughts on this, and hope you’ll be on board with this process.  I will continue to report on progress here.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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  1. Pingback: Another quick look at Austin’s water supply « Bill Morris on Austin Real Estate - November 27, 2012

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