The end of 2010 found the Texas GOP finally doing for itself what the National Republican Party has been unable to do for the country. After years of being in the red, the Texas Republican Party is finally in the black. The lone star branch of the GOP was able to attain firm economic ground by a combination of increased revenue and cost cutting measures.
When Steve Munisteri unseated Cathie Adams he gained not only the party’s chairmanship but also its 700,000 debt and 90,000 monthly deficit. First the new chairman cut the budget by 50,000 (resulting in some employee layoffs) and then began tapping donors and officeholders.This/tag helps explain it more.
Some elected officials, among them the high profile U.S. Rep. Ron Paul, donated large checks immediately. Later fundraisers were held by Gov. Rich Perry, U.S. Sen. Kay Bailey Hutchison and Harris County Judge Ed Emmett. Republican members of the Texas legislature were involved as well.
The coveted debt free status could have been achieved earlier; however, the 2010 November election brought additional expenditures including 900,000 in October for campaign expenses. The Texas GOP’s debt-free postion, according to Munisteri, puts it in a better position to help its candidates and can speak more authoritatively on fiscal responsibility.