AUSTIN, Texas (AP) — Gov. Rick Perry likes bragging that Texas is open for business, but the state budget on the table suggests the trough of taxpayer dollars for private companies may be drying up.
Budget proposals lawmakers laid out this week include no new money for Perry’s signature business incentive programs, the Emerging Technology Fund and the Texas Enterprise Fund. Nor is there money earmarked for the beleaguered Cancer Prevention and Research Institute of Texas, which has given about $96 million since 2010 to private startups, in addition to hundreds of millions more for research.
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