AUSTIN (February 6, 2013)--Republican and Democratic senators were grilling a director from the governor's office on the state's economic development funds Wednesday in Austin.
State Sen. Wendy Davis, D-Fort Worth, expressed concern that after 10 years the Texas Enterprise Fund has never undergone an independent audit.
State. Bob Deuell, R-Greenville, chairman of the Senate Economic Committee, said people of all political stripes are concerned about how taxpayer money is given to private businesses.
He and other senators quizzed the director of Gov. Rick Perry's economic development office on the Enterprise Fund and the Emerging Technology Fund.
Aaron Demerson could not say how many jobs the funds have actually created and couldn't answer many of the senator's questions and promised to offer written replies later.
Critics have called the funds corporate welfare or a slush fund.