Must Read Texas – October 8, 2013

Julian Castro Endorses Wendy Davis; Wendy Urges Van de Putte;
TTARA Says O&G Revenue will Replenish Rainy Day Fund;
Councilwoman Elisa Chan Resigns to Run for State Senate
*****

Good morning from Austin.

Here’s the brief:

JULIAN CASTRO ENDORSES WENDY DAVIS

SAEN’s John Gonzales reports:

Four days into her 2014 Democratic quest for governor, state Sen. Wendy Davis of Fort Worth stumped in San Antonio on Monday, collecting the endorsement of Mayor Julian Castro and mingling with phone bank volunteers from Battleground Texas.

She also reaffirmed her preference for a running mate, urging state Sen. Leticia Van de Putte, D-San Antonio, to seek the lieutenant governor nomination.

“She has shown how smart she is, how much she cares about veterans, about public education. She would make a formidable opponent in the lieutenant governor’s race, and I’m excited and hopeful that she’ll be joining this race,” Davis said.

The Fort Worth senator toured the Rackspace Hosting Inc. facility on the Northeast Side — even riding down a two-story tube slide. She appeared with Castro before assembled employees, where he surprised no one by formally backing Davis.“Today I am very proud to stand here with Sen. Davis and to endorse her for governor of Texas,” Castro said.

“Wendy is such an impressive candidate whose values reflect the values of all Texans — hard work, strong faith and great aspirations,” Castro said. “It wasn’t the right time for me (to run), but I’m so happy that Sen. Davis will be our next governor.”

Davis praised the mayor for his efforts to enact the city’s nondiscrimination ordinance and its pre-K initiative. She thanked him for his support and spoke of the long campaign road ahead.

“This will be a 13-month journey, and it won’t be an easy one,” Davis told the audience of “Rackers.”

“San Antonio has an incredible story to tell, about how much it values education, how much it values creating public private-partnerships to keep our economy strong. It’s a shining example of what we want to be happening all over the state,” she said.

Monday evening, Davis mingled with volunteers at the San Antonio Firefighters Banquet Hall as they called potential supporters to draw them into the campaign effort.

Cultivating support in South Texas, with its large number of potential Latino voters, is a crucial part of Davis’ strategy. In November 2014, she would face the victor of the March GOP primary, whose candidates so far include Attorney General Greg Abbott and former Texas GOP Chairman Tom Pauken. Formal filing for the primaries begins Nov. 9.

Abbott is considered the GOP front-runner with an advantage in fundraising and in head-to-head polls with Davis. But Davis told volunteers she doesn’t mind a challenge.

“We’re not that far behind,” she said, adding, “I’ve been the underdog in so many things that I’ve attempted to do in my life.”

Even before she declared her candidacy on Thursday in Haltom City, Davis had two campaign-style appearances in San Antonio following the filibuster that earned her national attention. On July 11, Davis drew several hundred Democratic supporters for a women’s rights rally at Sunset Station, where Castro joined her on the stage. On Aug. 2 she spoke at a La Villita event sponsored by the Bexar County Democratic Party.

Davis campaigned in the Dallas area and Austin over the weekend, but Monday’s trip to San Antonio is her first in South Texas as an announced candidate. On Tuesday she’s expected to make private campaign stops in San Antonio.

TTARA ANALYZES O&G IMPACT ON RAINY DAY FUND

In a press release yesterday, the Texas Taxpayers and Research Association said:

(Austin, TX) – Thanks to a tremendous rebound in oil and gas drilling and production, the Texas Rainy Day Fund will be flush for years to come, according to a study released today by the Texas Taxpayers and Research Association. The Rainy Day Flood: What Oil and Gas Comeback Means for Texasdocuments the tremendous increase in oil and gas activity and the corresponding growth in the state Treasury—particularly the state’s Economic Stabilization Fund.

Under the Texas Constitution, 75 percent of all oil and gas severance tax revenue in excess of what the state collected in 1987 is to be deposited into the Economic Stabilization Fund, commonly referred to as the Rainy Day Fund. The Fund is capped at an amount equal to ten percent of the state’s general revenue fund.

Texas collected $4.5 billion in severance taxes in 2013, setting an all-time record, as will the corresponding $2.5 billion deposit into the Rainy Day Fund. Texas oil production this year will be near twice what it was four years ago.

“To date, the new investment in oil and gas has generated over 300,000 new jobs in Texas—accounting for one-third of our recession recovery,” Craymer noted.“Those trends will continue over the next several years,” TTARA’s President, Dale Craymer noted, “because the investment is not being driven by price speculation but by cost effective new technologies. Previously uneconomical plays in the Barnett, the Eagle Ford and those around the Permian Basin are fueling new investment, new jobs, economic growth and substantial growth in tax revenues.”

While the Legislature is asking Texas voters for new uses for some of the money that would otherwise build the balance of the Rainy Day Fund, the fiscal health of the fund is strong and will not be harmed by these new initiatives, according to TTARA’s Craymer.

Next month voters will be asked to validate a $2 billion appropriation for new water projects. In November 2014, voters will be asked to authorize a portion of oil and gas tax collections that would otherwise be deposited into the Rainy Day Fund be used to fund a portion of the state’s transportation infrastructure needs.

ELISA CHAN RESIGNS FROM CITY COUNCIL, EFFECTIVE OCT. 18

San Antonio City Councilwoman Elisa Chan has resigned, effective Oct. 18.
She has said she will run in the Republican primary for the State Senate seat held by Donna Campbell (R-New Braunfels).

#txlege
– The SAEN editorial board says Texas is “dysfunctional” on health insurance, as the Obamacare exchanges roll out.
– This year’s Texas Tribune Festival 
brought in $720,000 in revenue — a fantastic accomplishment.

2013 / 2014 / 2016:
– Chron’s Mike Morris reports (behind paywall) on fundraising in this year’s race for Houston Mayor, with the incumbent having raised nearly $3 million and the challenger primarily self funding.

Other stories of interest:
– Politico’s Jennifer Haberkorn reports from Houston on the importance of Texas in whether Obamcare works or not.
– FEMA 
says federal disaster assistance to West, TX is now over $16 million.

Lighter clicks:
– Swino lived quite a life.
– Will Ferrell shot 70 ads as Ron Burgundy for the Dodge Durango.
– I had higher hopes for this Jay Pharoah impression of Shannon Sharpe. (His Stephen A. Smith wasstellar).
– Some photos of Apple’s new Austin campus currently under construction.
– Dallas is one of six cities who have applied to host the 2018 Super Bowl.
– No, courtside seats for Lakers-Heat are not worth $1 million.
– You won’t be surprised which Texas stadium made the list of college football’s 5 best home stadiums.

Your Daily Source of Inspiration:
– An impressive Dallas 12 year-old.
– An inspiration to people around the world. (Likely Nobel Peace Prize winner on Friday?)

NEWS

AP: Judge nixes Cuban’s bid to have lawsuit dismissed (10/8/13 10:41am)

DMN: Six Flags denies fault for woman’s fatal fall from Texas Giant (10/8/13 10:36am)

DMN: DART contractor fined $238,000 for falling short of goals (10/8/13 10:36am)

DMN: Democrats use Sen. Ted Cruz to tar GOP Senate candidates nationwide (10/8/13 10:35am)

FWST ($): Opponent of Fort Worth school bonds offended by treatment at meeting (10/8/13 10:30am)

FWST ($): Six Flags denies liability in fatal roller coaster accident (10/8/13 10:27am)

CHRON ($): Residential project aims to create a posh bit of Europe inside Loop (10/8/13 10:22am)

CHRON: Katy attorney Justin Perryman explores state rep. race (10/8/13 10:18am)

CHRON: Houston couple pledges $10 million for Head Start (10/8/13 10:14am)

KXAN NBC AUSTIN: Newcomer to run for comptroller as Democrat (10/8/13 10:13am)

SAEN ($): Bonuses at CPS to again decrease (10/8/13 10:09am)

SAEN ($): S.A. defense workers back on job, but concerns remain (10/8/13 10:09am)

SAEN: Elisa Chan resigns from council effectiveOct. 18 (10/8/13 9:58am)

SAEN: Davis slides into S.A., gets mayor’s backing (10/8/13 9:56am)

DMN: Onslaught of Texas campaign ads starts hitting airwaves, Web (10/8/13 9:54am)

ABILENE REPORTER-NEWS ($): Democrat seeks office of comptroller in Texas (10/8/13 9:53am)

AAS ($): Rainy day fund to overflow with oil and gas tax revenue (10/8/13 9:42am)

AAS ($): UT computing center lands $6 million for new data analytics system (10/8/13 9:40am)

AAS ($): Commission recommends approval of 25-acre water park (10/8/13 9:40am)

WASH TIMES: Inside the GOP’s backroom infighting sparked by Ted Cruz’s shutdown drama (10/8/13 9:31am)

POLITICO: Obamacare showdown in Texas (10/8/13 9:27am)

YNN AUSTIN: Capital Tonight: One-on-one with Sen. Wendy Davis (10/8/13 9:27am)

MSNBC: Can Wendy Davis convince Texas to go Blue? (10/\8/13 9:16am)

TW: Conservative Officials Turn to Crowdsourcing (10/8/13 9:02am)

TT: At the University of Houston, Perception is a Challenge (10/8/13 9:01am)

VIDEO: Attorney General Greg Abbott (R-TX) on Fox Business’ “Lou Dobbs Tonight” (10/8/13 8:52am)

KTBC FOX AUSTIN: Debating Texas political extremism (10/7/13 9:39pm)

VIDEO: U.S. Sen. Ted Cruz (R-TX) on Fox News’ “The Kelly File” (10/7/13 9:28pm)

KVUE ABC AUSTIN: With Davis at top, statewide ballot more inviting for Democrats (10/7/13 8:40pm)

TT: In San Antonio, Davis Lauds Nondiscrimination Ordinance (10/7/13 8:39pm)

TT: Committee’s Co-chairs Respond to Simpson’s Concerns (10/7/13 8:38pm)

TT: Patterson Accuses Patrick of Lying in New Ad (10/7/13 8:22pm)

ROLL CALL: New Stock Transactions & Ted Cruz’s Personal Wealth Amendment (10/7/13 8:19pm)

POLITIFACT: Republican brawl for lite guv keeping Truth-O-Meter busy (10/7/13 6:10pm)

DMN (Trailblazers): Democrat Collier enters race for Texas Comptroller (10/7/13 4:44pm)

EDITORIALS

DMN: Congress and the president are courting economic Armageddon (10/8/13 10:38am)

DMN: Is it time to discuss banning ammonium nitrate? (10/8/13 10:37am)

FWST ($): Key Fort Worth Bridge almost ready for traffic again (10/8/13 10:34am)

FWST ($): Suspended mandated tutoring program under NCLB a good idea (10/8/13 10:33am)

CHRON: Jerry Davis for District B (10/8/13 10:15am)

SAEN: Cast ballot for Proposition 7 (10/8/13 10:06am)

SAEN: Texas is dysfunctional on insurance (10/8/13 10:03am)

AAS ($): Impatient drivers imperil young lives (10/8/13 9:41am)

BLOGS (from the left)

CROOKS AND LIARS: Right wing Ready With Attack Ads Against Wendy Davis (10/8/13 9:20am)

RAW STORY: Billionaire Texas couple donates $10 million to keep Head Start programs running (10/8/13 9:17am)

BOR: Wendy Davis Campaign Releases First Ad (10/8/13 9:17am)

BFL: Are both parties extreme (10/7/13 8:58pm)

BOR: Endorses Wendy Davis for Governor of Texas (10/7/13 10:04am)

BLOGS (from the right)

WEASEL ZIPPERS: RINO Peter King’s Media Whoring Shows No Signs Of Slowing Down, Rips Ted Cruz And His Allies To Politico: “I Don’t Consider These Guys Conservatives” (10/8/13 9:18am)

YOUNG CONS: VICTORY: Texas and Greg Abbott won another case protecting voter integrity against ACORN tactics (10/8/13 9:18am)

PATTERSON CAMPAIGN: “No Polite Way To Put This – Dan Patrick Is Lying” (10/7/13 9:46pm)

Author: Must Read Texas

Matt Mackowiak (@MattMackowiak) & Jason Stanford http://www.MustReadTexas.com @MustReadTexas

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