Texas House Bill HJR47

Texas 2025 - 89th Regular

• Filed: 11/12/24
• Out of House Committee: 5/8/25
• Voted on by House: 5/12/25

Caption

Proposing a constitutional amendment providing for the creation of the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund, dedicating the money in that fund to benefit areas of the state significantly affected by oil and gas production, and providing for the transfer of certain general revenues to that fund, the economic stabilization fund, and certain other funds and accounts.

Impact

If enacted, the Texas STRONG defense fund would serve as a financial resource for public health, safety concerns, and workforce preparedness in communities impacted by oil and gas extraction. The funds allocated could be utilized for grants to state agencies, educational institutions, and non-profit organizations to enhance public services and community strength in areas most affected by the industry. The amendment would thus potentially create a structured means to support growth and stability in these regions.

Summary

HJR47 proposes a constitutional amendment to establish the Texas severance tax revenue and oil and natural gas (Texas STRONG) defense fund. This fund is dedicated to assist areas of Texas significantly affected by oil and gas production. Specifically, it outlines that certain general revenues will be allocated to this fund and other various accounts like the economic stabilization fund. The bill aims to create a dedicated source of revenue to support localities that are likely to experience economic fluctuations due to the volatile nature of the oil and gas industry.

Sentiment

Public sentiment surrounding HJR47 seems to be cautiously optimistic with a focus on economic resilience. Proponents believe the fund could significantly bolster local economies that depend on oil and gas, providing essential services and stabilization amidst economic fluctuations. However, there may also be skepticism about the long-term implications for funding priorities and the effectiveness of fund allocation to meet the needs of the communities it is designed to serve.

Contention

The primary contention revolves around how effectively funds from the Texas STRONG defense fund will be utilized. Critics may argue that reliance on funds from the oil and gas industry could perpetuate economic dependency on fossil fuels, potentially diverting attention away from diversifying local economies. Additionally, there is concern about the impact of revenue allocations and whether they adequately address immediate community needs vs. long-term planning.