By Justin Kree
MIDLAND – On Thursday, Texas House Speaker Joe Straus spoke with members of the Permian Basin Petroleum Association about proposition six.
It's a proposition that determines whether Texas will have a reliable supply of water in the future.
Straus is urging voters to say yes to proposition six.
The proposition essentially would create two special funds to help finance top projects in the state water plan.
In Texas, 16 regional water planning groups are responsible for creating a 50 year regional plan.
Speaker Straus says the drought has cost Texas big business.
The drought has cost the state $11 billion.
Straus goes on to say that nowhere else in the state is a reliable amount of water more important than in the Permian Basin.
"There's a lot on the ballot in Midland unlike most parts of the state so Midland will play an upsized part in this election and nowhere else in the state is a reliable source of water more important than here in the Permian Basin," Straus said.
Not everyone is for proposition six; opponents say taking $2 billion from the rainy day fund could have a severe impact in more ways than one.
They say it could result in a credit downgrade or not enough funding to deal with a natural disaster among other things.
Texas Railroad Commissioners Christi Craddick and David Porter were also at the conference.