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Posts Tagged ‘Texas Enterprise Fund’

More on the initial bill filings

From the Trib, a sampling: As of Monday afternoon, a bill repealing the Texas Dream Act, which allows undocumented immigrant students to pay in-state college tuition rates, had yet to emerge. Lt. Gov.-elect Dan Patrick promised while campaigning that he would work to repeal the act. The bill could part of legislation that is reserved for priorities […]

Gov debate II: That’s more like it

The second Governor’s debate was a lively affair. Republican Attorney General Greg Abbott, who has mostly avoided direct confrontation with his opponent in the race for Texas governor, took a hard swing at Democratic Sen. Wendy Davis over her ethics as a lawmaker in a televised debate Tuesday night. And she let him have it […]

Abbott’s Enterprise Fund issues

It’s a bit of a problem for him, isn’t it? While critics were hounding Gov. Rick Perry a decade ago about his job-luring Texas Enterprise Fund, his lawyers went to Attorney General Greg Abbott to block the release of applications that supposedly had been filled out by the entities requesting taxpayer subsidies. Abbott’s office, tasked […]

Another look at Perry’s slush fund

Like everything with Rick Perry, there’s less to it than meets the eye. Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation’s second most-populous state. But a closer look at the Texas Emerging Technology […]

Once again, where are the jobs Rick Perry was trying to poach?

Politico revisits a familiar subject. Since as early as February of last year and as recently as April of this one, Perry has made eight trips to six different states, all of which have one very particular thing in common: They’re run by Democratic governors. Perry has used his visits to hammer on a consistent […]

One place where a little austerity would do some good

Rick Perry’s slush funds get no love in the opening budgets. The House and Senate’s initial two-year budgets would force Perry’s deal-closing Texas Enterprise Fund to exhaust its last $7 million and throttle back on state film incentives and subsidies for major sporting events. The Emerging Technology Fund, which subsidizes high-tech commercial ventures, would face […]

From the “If pigs had wings” department

It’s never a bad time to construct a counterfactual. What if Rick Perry had never said, “Oops”? What if he could have, for Christ’s sake, just remembered that he had wanted to gut the Department of Energy? What if he hadn’t climbed into a tan coat and Brett Favre jeans and released that abominable Youtube […]

Comcast SportsNet Houston

This would be cool. The NBC Sports Group is seeking about $2 million in state and local support to bring a major production studio and 135 jobs to downtown Houston. The operation would be for Comcast SportsNet Houston, a new regional television network that will broadcast Astros and Rockets games beginning in the fall. The […]

Why is stimulus by one type of government better than the other?

Perhaps someone should ask that question at the next Republican Presidential debate, which they seem to have every week or so. Gov. Rick Perry’s record of creating jobs with taxpayer money is coming under greater scrutiny because of his presidential campaign. Perry is trying to deflect criticism of inflated job numbers and cronyism from the […]

Senate not inclined to accept Amazon’s bribe

Good for them. It looks like the Texas Legislature is likely to say no — at least for now — to Amazon.com’s proposal to bring 5,000 jobs to the state in exchange for a temporary break on collecting sales tax. State Sen. Bob Deuell, R-Greenville, said this morning that the odds were slim the deal […]

Sacrifice is for the little people

You almost have to admire the gall. Milton Rister, director of administration in Gov. Rick Perry’s office, just asked Senate budget writers for a net increase of $81.5 million in state funds for the next two years. If I took accurate notes — and Finance Committee Vice Chairman Chuy Hinojosa, D-McAllen, chided Rister for not […]

The state of the state

Is strong, according to Rick Perry. So strong, in fact, that we’re going to kick the legs out of social services, because clearly we don’t need them. When the state faced a budget crisis in 2003, Gov. Rick Perry’s office released a budget proposal that was full of zeros, stating that each agency would have […]

More Enterprise Fund failures

There sure are a lot of them. Gov. Rick Perry’s office has rewritten three more contracts for companies that are struggling to create the promised number of jobs after getting millions of taxpayer dollars from the Texas Enterprise Fund. The Associated Press has been tracking the problems of enterprise fund companies and amendments to their […]

The unemployment tax and the Enterprise Fund

We know that unemployment insurance taxes have gone up, and we know that the increase is more than it would have been had Governor Perry not rejected $555 million in stimulus funds for unemployment insurance. But there’s another way in which Perry’s policies have adversely affected the unemployment insurance situation. As the Bill White campaign […]

The recession and the Texas Enterprise Fund

A report worth reading from Texans for Public Justice: The global recession that hit Texas in 2008 is playing havoc with Governor Perry’s signature business-incentive program: the Texas Enterprise Fund (TEF). A review of 45 TEF projects that received $363 million in public funds reveals that an increasing number of TEF recipients defaulted on their […]

White gets down to the business of being a candidate

Bill White spent his first full day as a former Mayor in the Rio Grande Valley. It was a productive trip for him. Power brokers in one of the state’s most Democratic regions Tuesday pledged to throw their weight behind Bill White’s bid for Texas governor. “I can’t think of a better group than this […]

A&M and the Emerging Technology fund

Loren Steffy tells us about politics infecting research at Texas A&M. And Rick Perry is involved. Shocking, I know. In January, the state awarded A&M $50 million from the Emerging Technology Fund, which purports to benefit private-sector technology startups, for the National Center for Therapeutics Manufacturing, which plans to develop new vaccines. Unfortunately, the infusion […]

Perry’s salvage job

Budget yes, UI not yet

The conference committee on the budget finished its work yesterday. While final details are still emerging, the 10 conferees worked out a last minute plan for spending $700 million of federal stimulus money for state fiscal stabilization. They hope that it will avert a special session, even if Perry vetoes some or all of the […]

Ogden stem cell rider removed from budget

Good. Sen. Steve Ogden just announced that his rider banning use of state funds for embryonic stem cell research will not appear in the new state budget. “We really couldn’t come to a consensus” so the bill will be silent on the stem cell issue, Ogden announced in this morning’s conference committee meeting on the […]

Whatever Ricky wants

Get ready for the next school funding lawsuit

The handwriting is on the wall. Property tax cuts and a stingy state budget have left many Texas school districts saying they are short-changing children and warning of another lawsuit attempt to force reforms. Texas lawmakers plan to increase school spending, but a skeptical education community isn’t sure it will be enough to cover costs […]

Perry’s ongoing war on the unemployed

You have to say this about Governor Perry: He never goes off message, no matter how ridiculous that message may be. Gov. Rick Perry on Wednesday re-stated his opposition to legislation that would allow the state to accept federal stimulus dollars for expanded unemployment programs. A key part of Perry’s argument is that once Texas […]

Another chance to slap the Governor

The Lege has had a few opportunities to express its opinion about Governor Perry and his “leadership” this session. Passing the unemployment insurance bill, inserting the budget amendment that would strip funding from the Texas Enterprise Fund in the event of a veto of the UI bill, the Office of State-Federal Relations bill, that sort […]

Senate passes SB1569, but may not be able to override a veto

The Senate passed SB1569, the bill that accepts stimulus funding for unemployment insurance, by a 19-11 vote today. As Elise noted on Twitter, two Senators flipped to No for final passage; one other Senator was either absent or did not vote. We don’t know who exactly the changed and missing voters were yet. For the […]

House passes budget, slaps Perry

State Rep. Chris Turner, on Twitter: At 3:56 am, the House unanimously passed the budget. Believe it or not, that was earlier than was originally anticipated. The pregame chatter was that the House would have to reconvene today to finish the job, given the vast number of amendments that needed to be slogged through. It […]

Stem cells and the budget battle

Other than voter ID, we really haven’t had a big fight in the Lege this session. Burka thinks Sen. Steve Ogden’s scurrilous stem cell rider could be the next big brawl. The Ogden rider is not in the House bill, but it is likely that the conservatives will offer the identical language as a floor […]

Senate panel approves budget

As you know, the Lege has one task they absolutely must do every biennium, and that’s pass a budget. The Senate Finance Committee has taken its first step towards doing that. A two-year state budget that accepts federal stimulus money and increases spending by 7.3 percent, but hoards cash reserves, was approved by Senate budget […]

So about all those stimulus funds

Remember how Governor Perry had argued against states receiving federal stimulus dollars? Well, he still doesn’t want them, though he’s giving himself some waffle room. Gov. Rick Perry said Tuesday he’s not sure the state should accept all of its projected share of federal stimulus money — $16.9 billion and counting by preliminary estimates — […]