Tuesday, August 16, 2011

Rick Perry's Big Donors Fare Well in Texas

Perry has received a total of $37 million over the last decade from just 150 individuals and couples, who are likely to form the backbone of his new effort to win the Republican presidential nomination. The tally represented more than a third of the $102 million he had raised as governor through December, according to data compiled by the watchdog group Texans for Public Justice, LaTi reports.

Nearly half of those mega-donors received hefty business contracts, tax breaks or appointments under Perry.

Auto magnate B.J. "Red" McCombs, who contributed nearly $400,000 to the governor, is the primary financial backer for a Formula One racetrack to be built near Austin. The state has pledged $25 million a year in subsidies to support the project.

The Houston-based engineering firm of James Dannenbaum, who gave more than $320,000 to Perry, received multiple transportation contracts from the state. In 2007, Perry appointed Dannenbaum to a coveted post on the University of Texas' board of regents.

A Mississippi-based poultry company run by Joe Sanderson, who gave $165,000 to Perry, received a $500,000 grant from a state business incentive fund championed by Perry to open a chicken hatchery and processing plant in Waco.

LaTi has more, here.

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