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Texas projects $18 billion general revenue surplus for 2024-25

Texas will have an $18 billion surplus in 2024-25, according to an announcement from Comptroller Glenn Hegar. That’s much more than was anticipated when lawmakers passed the state’s $321 billion budget in May.

Wave and tidal energy legislation passes California Senate

California’s 840-mile coastline could be used to generate energy as lawmakers await the governor’s signature on Senate Bill 605. The bill, unanimously approved last month, directs the state Energy Commission to assess the feasibility, benefits and costs of wave and tidal energy

New LEED program sets framework for zero-emission buildings

A draft of new requirements for the LEED green-building certification program provides a clear framework for what is coming soon. New guidelines for LEED building design and construction will roll out in 2024.

Harris County approves $2.4 billion budget

Harris County has approved its $2.4 billion consolidated budget for 2024, including a $1.8 billion capital budget set to take effect Oct. 1.

San Antonio public transit authority adopts $390.8 million budget

The VIA Metropolitan Transit Authority, which serves San Antonio and surrounding communities, has approved a $390.8 million consolidated budget for 2024, which starts Oct. 1.

New York issues ‘Buy Clean Concrete’ mandate

Beginning in 2025, the state of New York will require contractors that use concrete mixes for state projects to prove that their environmental impact falls below state-set limits.

Federal Highway Administration allocates $7.9 billion to states

The Federal Highway Administration (FHWA) has allocated $7.9 billion to states to support highway and bridge projects as part of its annual August redistribution.

Texas AG Paxton acquitted on all impeachment articles

The Texas Senate on Saturday acquitted Attorney General Ken Paxton of 16 articles of impeachment. The two-week trial focused on his business dealings with Austin real estate developer Nate Paul, who was indicted in June on federal charges of making false statements to banks.

Texas investment incentives continue with new eligibility requirements

Texas House Bill 1515, which has been signed by Governor Greg Abbott, extended the business development incentives in the Texas Economic Development Act—also called Chapter 313—while adding new requirements for eligibility and an adjusted application process. Chapter 313 expired and was replaced

City of Houston approves clear guidelines for reinvestment zones

The Houston City Council recently passed new guidelines for Tax Increment Reinvestment Zones (TIRZ) creation, termination, and timelines. The new guidelines include several boundaries: The city will evaluate the performance of these zones. The new policy was delayed several times to give

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