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Texas Enterprise Fund: Who Does it Really Help? Print E-mail
by Tom McGregor    Sun, Mar 24, 2013, 11:54 PM

Absolute Drones.jpgTexas Gov. Rick Perry, a Republican, is championing a bureaucracy that helps his friend, while receiving support from Texas Lieutenant Governor David Dewhurst.

Mother Jones reports that, "watchdog groups have long argued that the Texas Enterprise Fund, a taxpayer-fund program that has awarded more than $487 million to big businesses that set up shop in the Lone Star state since 2004, is a slush funf that allows Gov. Rick Perry to reward allies and political donors."

Nevertheless, the Texas State Auditor's Office has never bothered to examine the fund's finances for at least a decade. However, a bipartisan group of state senators is supporting a bill, which would subject the Enterprise Fund to an independent state audit. Yet, Perry's office will only say that the state's top three Republicans have control of its funding.

Mother Jones quotes Lucy Nashed, a spokeswoman for Perry as saying that, "every project must receive unanimous approval from the governor, lieutenant governor, and House speaker. The Legislature reviews the state's incentive funds every two years, and has continued to see the value in reauthorizing them every biennium since their inception."

"Actually," as reported by the San Antonio Express News, "lawmakers are not planning to give any more money to the fund in the 2014-2015 fiscal year. There is still about $140 million left in the kitty."

To read the entire article from Mother Jones, link here:

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