Campaign Finance
01/18/2017

Initial Thoughts on Statewide, Senate Campaign Finance Reports

TXElects

Campaign finance reports covering either the last six months of 2016 or, for candidates who had a contested general election, the period from October 29 to the end of the year, were due Tuesday. We have begun to incorporate those fundraising numbers into our Crib Sheets.

A few notes on the figures we’ve digested so far:

  • Greg Abbott’s $34.4M on hand is $16.4M more than he had on hand as of the end of 2012, which was the corresponding period for his first gubernatorial race. It is the second highest cash on hand figure ever recorded for a Texas state official, trailing only the $35.6M he reported having on hand as of June 30, 2014. He has raised $33.0M since January 2015, more than triple the amount he raised during 2011-12, the corresponding period prior to his first gubernatorial race.
  • Gov. Dan Patrick’s $13.7M on hand is larger than any cash on hand figure ever reported by former Gov. Rick Perry. Patrick has raised $13.2M since January 2015, more than former Lt. Gov. David Dewhurst raised in any single four-year period.
  • Attorney General Ken Paxton’s $4.6M on hand is the largest such figure he has ever reported, but it is not the largest figure ever reported for a sitting attorney general. That record belongs to Greg Abbott ($35.6M) while running for governor. Abbott also holds the cash-on-hand record for a sitting attorney general seeking re-election ($11.8M in October 2010).
  • Collectively, the top six constitutional elected statewide officials have $60.8M on hand as of December 31, 2016. Four years ago, the occupants of those six offices had $35.7M (more than half of which belonged to Abbott), and those same six officials had $20.6M on hand eight years ago (42% belonged to Abbott).
  • John Whitmire (D-Houston) has the third-highest fourth-highest cash-on-hand total of any elected official in the state, trailing Abbott, Patrick and Speaker Joe Straus.

Cash on hand figures for the statewide offices and senators up for election in 2018 are listed in the toggles below. We’ll have key House figures later this week.

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Texas Political Spotlight
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Texas Sen. José Menéndez is defending a 2023 law that lets cities like San Antonio reinvest state tourism and hotel tax revenue into major projects, including a proposed $1.3 billion Spurs arena, saying it keeps the city competitive with others that have used similar funding to spur growth. Democratic U.S. Senate candidate James Talarico, speaking in Fort Worth recently, cast himself as an independent voice challenging both parties and billionaires’ influence, as his tight primary race with Colin Allred gains national attention. Meanwhile, Attorney General Ken Paxton has sued Indiana resident Malcolm Tanner, accusing him of trying to take over Loving County by luring out-of-state residents with false promises of free homes in unsafe desert conditions.

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Texas Political Spotlight
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Welcome back, friends

Austin-based energy startup Base Power announced it has raised $1 billion in new funding to expand its residential battery leasing business, positioning itself at the center of Texas’ fast-growing clean energy sector as demand surges nationwide. Meanwhile, Gov. Greg Abbott has authorized hundreds of Texas National Guard soldiers have been deployed to Illinois to assist federal immigration authorities in Chicago. And in education, Texas selected Odyssey, a national tech firm, to design and administer its new $1 billion school voucher program, the Texas Education Freedom Accounts.

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TXBIZNEWS
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Walmart has announced plans to eliminate synthetic dyes and over 30 other ingredients from its U.S. private brand food products such as Great Value, Marketside, Freshness Guaranteed, and Bettergoods, with a target completion date of January 2027, as outlined in a recent corporate statement.

The Details:

  • The initiative removes 11 synthetic dyes, such as Red No. 40 and Yellow No. 5, along with preservatives and artificial sweeteners, responding to customer demand for simpler ingredients while maintaining taste and value.
  • The move affects all Walmart U.S. food private brands, supporting a more transparent food system and aligning with evolving health-conscious trends.
  • Walmart President and CEO John Furner said, “Our customers want products with familiar ingredients, and we’re delivering on that promise.”
  • The transition will leverage natural alternatives, with the company collaborating with suppliers to meet the 2027 deadline.

“Our customers have told us that they want products made with simpler, more familiar ingredients - and we’ve listened. By eliminating synthetic dyes and other ingredients, we’re reinforcing our promise to deliver affordable food that families can feel good about.”

- John Furner, President and CEO, Walmart U.S.

Why It Matters:
This shift could set a new standard for the U.S. food industry, boosting consumer trust and influencing market trends.

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