Hutchison Would Take A Pay Cut As Governor
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Hutchison Would Take A Pay Cut As Governor
If Senator Kay Bailey Hutchison wins the Texas governor’s race, she would take a pay cut, but the slightly smaller salary wouldn’t put a dent in her family finances.
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AUSTIN (October 26, 2009)—Republican U.S. Sen. Kay Bailey Hutchison would take a pay cut if she's elected Texas governor, but the drop wouldn’t put a dent in her family finances.

Hutchison makes a yearly salary of $169,300 as a U.S. senator.

If she's elected governor, she'll make a $150,000 a year.

She faces Republican Gov. Rick Perry in next year's primary.

The Associated Press reports the income of Hutchison's husband, a multimillion-dollar investment portfolio, and other assets have already contributed to significant family wealth.

Hutchison's husband, Ray, is a prominent Dallas bond attorney who makes a little less than a half million dollars a year in combined salary and deferred compensation, according to details in records provided by her campaign.

The Associated Press is examining the personal wealth of major gubernatorial candidates.

Hutchison's camp has complained that Perry squeaked over the millionaire line thanks to real estate deals involving prominent businessmen and political figures.

Perry’s aides have raised questions about Ray Hutchison's compensation from Vinson & Elkins.

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