A new report from the Texas comptroller's office found that the state could lose about $9 billion next year because of insufficient water supplies. More than 95% of the state is suffering from some level of drought conditions. "The water wolf is lurking right outside the door," said comptroller Susan Combs. "This could actually cost the state a whole lot of money." But, an attorney with the Environmental Defense Fund in Texas, said, the report "assumes for the most part that we're going to be using water in the same way we're using it now, and I think that's a mistake."

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