Search Results for: emerging technology fund

Hey, remember Perry’s Emerging Technology Fund?

It’s still a mess, and a cookie jar for his cronies. The founders of Convergen LifeSciences Inc. had invested only $1,000 of their own money when they asked the State of Texas in 2009 to give them $4.5 million to … Continue reading

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Auditor criticizes Emerging Technology Fund

The State Auditor has issued a report saying that the Texas Emerging Technology Fund needs more transparency. I know, I’m as shocked as you are. The report recommended that the state’s 17-member advisory board — volunteers from the technology community … Continue reading

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State auditor to look at Emerging Technology Fund

State Auditor John Keel will perform an audit on the state’s Emerging Technology Fund to see if the money is being used and distributed properly. State Auditor John Keel said Wednesday that his office will review the monitoring of the … Continue reading

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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 … Continue reading

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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 … Continue reading

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House votes to spend some Rainy Day funds

From the Trib: House lawmakers preliminarily passed two bills Thursday that together will balance the state’s budget for the remaining months of the fiscal year through a mix of spending cuts and use of the Rainy Day Fund. The cuts … Continue reading

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More on Perry’s self-appropriation of Emerging Tech funds

The Statesman moves the ball forward on the Emerging Technology Fund story and Governor Perry’s self-appropriation of its funds. Two points from the story stand out to me. Gov. Rick Perry and the state’s legislative leaders awarded a $4.5 million … Continue reading

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Perry appropriates Emerging Tech funds on his own

Procedures? Advisory boards? Who needs ’em? Gov. Rick Perry approved a $4.5 million award from the state’s technology fund to a company founded by a major campaign donor despite the company’s failure to win the endorsement of a regional screening … Continue reading

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Playing the Texas Enterprise Fund game

If you’re not sure what Rick Perry’s reelection campaign is going to look like this article should give you a pretty good idea: Jobs, jobs, jobs. “We don’t fund companies who already are planning to move to Texas,” said Phil … Continue reading Continue reading

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TSTA polls about public education

From the inbox, via the TSTA: A strong majority of Texas voters support using some of the $12 billion in the state’s Rainy Day Fund to restore the $5.4 billion cut from the public education budget two years ago, and … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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Disclosure for thee, but not for me

You don’t need to know. Gov. Rick Perry said [Monday] that he wouldn’t release documents revealing investors in recipients of Texas Emerging Technology Fund recipients. […] The governor’s office is told of investors in the tech fund applicants, a staffer … Continue reading

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The Perryless debate

The debate went on as planned. In the fall campaign season’s first debate open to all candidates for governor, Democrat Bill White waited until his closing statement to attack the candidate who wasn’t there, incumbent Rick Perry, regarding allegations that … Continue reading

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It’s cronies all the way down

Is there anything Rick Perry does that isn’t for the benefit of himself and his cronies? When Gov. Rick Perry announces that a company will get money from the Texas Emerging Technology Fund, he often describes it as an important … Continue reading

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McDonald decides against running in CD10

This is a big surprise. Democrat Jack McDonald, who was going to challenge Republican incumbent Mike McCaul for District 10, will no longer be running for the seat. He never filed. McDonald’s press release is beneath the fold. I’m stunned … Continue reading

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Perry meddles again

All of his shenanigans with the Texas Forensic Science Commission have kept Governor Perry busy lately, but not so busy that he can’t mess with other things, too. Gov. Rick Perry plans to reshuffle the board leadership of the state’s … Continue reading

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Whatever Ricky wants

It’s too early to say how much of Rick Perry’s self-proclaimed agenda will get enacted this session, as much of it hinges on the budget reconciliation process as well as on legislation that hasn’t been taken up by one chamber … Continue reading Continue reading

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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 … Continue reading

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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 … Continue reading Continue reading

Posted in Budget ballyhoo | 2 Comments

House panel passes its budget

The House Appropriations Committee takes care of business. House budget writers today backed a $178.4 billion, two-year state budget that would give a $1,000 bonus to state government employees [who make less than $100,000 a year], retired teachers and retired … Continue reading

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House panel passes its budget

The House Appropriations Committee takes care of business. House budget writers today backed a $178.4 billion, two-year state budget that would give a $1,000 bonus to state government employees [who make less than $100,000 a year], retired teachers and retired … Continue reading Continue reading

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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 … Continue reading

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Meet the new SOS

We have a new Secretary of State on the way to replace the outgoing one, Roger Williams. Republican Gov. Rick Perry is expected to promote a top aide to succeed Roger Williams as Texas secretary of state. Phil Wilson, Perry’s … Continue reading Continue reading

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You know where you can stick your amendments

Note: See second update below Whatever you may think of today’s budget bill, keep this in mind: It’s 100% the work of the Republicans, because Democratic amendments are being snuffed before they even get a chance to be debated. The … Continue reading Continue reading

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Budget update

You know the drill: Progress is being made on tax and school finance issues. Both chambers are committed, differences remain but we’re all confident, we know time is running out, blah blah blah. Lt. Gov. David Dewhurst and Speaker Tom … Continue reading Continue reading

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Endorsement watch: Dudding and Warford

The Chron endorses Janet Dudding for Comptroller. In 2005, Janet Dudding found herself mucking out her home in Bay St. Louis-Waveland, Mississippi, after Hurricane Katrina sent a 32-foot storm surge across the town. “The first time I cried was when … Continue reading

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Metro seeks electric buses

Proof of concept for now and contingent on a competitive federal grant, but hopefully the start of something bigger. Transit officials in the self-proclaimed energy capital of the world are recharging their attempts to wean Metro off fossil fuels. Metropolitan … Continue reading

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We’re still figuring out how to do development in a floodplain

From the inbox: The Greater Houston Flood Mitigation Consortium has released dual research reports that examine current standards in the area’s drainage, detention, and development regulations. The reports also include findings that encourage implementation of new and updated flood management infrastructure approaches … Continue reading

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More on the STAR Voting System

The Chron updates us on the latest in modern voting technology. The drumbeat of election rigging and foreign hacking of voting machines have energized ongoing efforts to develop a new model of digital election equipment designed to produce instantly verifiable … Continue reading

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Driverless car legislative update

Like just about everything else under the sun, there were bills filed last week to deal with driverless cars. As self-driving cars move from futuristic concept to plausible technology, the Texas Legislature is looking to become a magnet for the … Continue reading

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TxDOT to spur research on driverless cars

Among other things. The state could fund research into self-driving cars, jet packs and hover cars if a new proposal by the Texas Department of Transportation is funded. In a presentation Thursday to the Texas Transportation Commission, TxDOT Deputy Executive … Continue reading

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