Rick Perry's Texas-No Money for Teachers But Plenty for Formula One Racing Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 
For the Wealthy and Famous

Rick Perry's Texas-No Money for Teachers But Plenty for Formula One Racing
 


26 August 2011 at 2:01:17 PM
salon

Bloomberg

Texas, which may balance its budget by firing thousands of teachers, plans to commit $25 million in state funds to Formula One auto racing each year for a decade.

Four years after motorsports’ most popular series left the U.S., Texas investors including Clear Channel Communications Inc. co-founder B.J. “Red” McCombs are building a 3.4-mile (5.5-kilometer) track to bring the event to Austin. Comptroller Susan Combs has agreed to pay $25 million for races through 2022, a subsidy questioned by critics and lawmakers as the state cuts costs to close an estimated $15 billion two-year deficit.....

Paying such a fee goes beyond the intended use of the state fund, which was set up to support bringing annual events to Texas by rebating increased taxes they generate to cover costs including security and traffic control, said Richard Viktorin, an accountant with Audits in the Public Interest. The Austin- based group opposes government support for the races.

In the past, the event fund has been used to subsidize professional football’s Super Bowl championship game, college basketball’s Final Four tournament and business meetings such as a Chick-fil-A Inc. convention.

“It’s off-balance-sheet financing for a rich man’s sport,” Viktorin said. Combs is “supposed to be a fiscal officer for the state. She’s not controlling that fund.”


Permalink Tags:          
     Views: 3378 
Latest Blog Post by salon -Louis Vuitton Artistic Director Calls Trump a Total Joke (Keene, Texas)
More Posts You Might Enjoy
Letter Grades in 2017 for Glen Rose ISD and Brazos River Charter Schools
Laugh O Day- Remember When Rick Perry Couldn't Remember the 3rd federal agency he would abolish??
Rick Perry really is a terrible dancer-but i'll give him points for trying
I actually agree with Rick Perry about the State and Power-Whodathunk?

 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting



Click Here for Main Page



Guest
Today Is  
Wednesday, October 23, 2019






Latest Posts

Louis Vuitton Artistic Director Calls Trump a Total Joke (Keene, Texas)
salon 10/22/2019

Here's Creep Trump Giving the Finger to Female Astronauts
salon 10/22/2019

Impeaching Trump- Is it acceptable for a president to pressure a foreign.....
salon 10/22/2019

Why are Paul Manafort's defense attorneys helping Lev Parnas and Igor Fruman today?
salon 10/10/2019

Money Laundering 101- Trump seeks to get rid of regulations on offshore money
salon 10/10/2019

Pete Sessions wrote letter then got lots of moolah from Republican PAC
salon 10/10/2019


More Blog Headlines
 



Comments

salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )








Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS

 

%>