Ethics Explorer A Guide to the Financial Interests of Elected Officials

Sen. Ken Paxton District 8 (R-McKinney)

Industry
Lawyer, Business Owner
Education
B.A., Baylor University; M.B.A., Baylor University; J.D., University of Virginia
Spouse
Angela
Committees
  • Education
  • Government Organization
  • Intergovernmental Relations
  • Jurisprudence
  • Transportation (Vice-Chair)
Financial Statements

Sources of Income

  • Paxton is a partner at Pittenger, Paxton, Nuspl & Crumley, where he specializes in estate planning, probate, real estate and general business matters. He also owns and operates a title company in McKinney.

  • In addition to being a part of three law firms — Ken Paxton, Paxton & Pratt LP, KP & DP LLC — Paxton is a fee agent at Chicago Title. He also reports interest in Plano's KEP Belclaire Parking LTD, RSKA Holdings LTD in McKinney, Burleson Future Investments, Washington 1417 LP in McKinney, Pirin Electric in Beaumont, El Dorado Colin LP in Plano and Enforcement Video LP in Plano. He also has interest in Cornstar Media Fund in Dallas.

  • Paxton owns two businesses in Dallas: Bonus Building Care and Realty America Group Investments. He also owns Premiere Vertical Properties, a cell tower in McKinney.

Property

  • Residence in McKinney valued at $536,767

Analysis

  • According to a 2008 Associated Press report, Paxton had early investments in WatchGuard, a digital technology company founded in 2002 that was able to flourish nationally after a boost from a 2006 Texas Department of Public Safety contract worth $10 million to outfit all state trooper vehicles. State Rep. Byron Cook also invested in the company and sat on its board. Both lawmakers voted for spending bills that gave state business to the company, and profited when they later sold their shares. Paxton did not disclose his ownership in WatchGuard on his 2008 personal financial statement filed with the Texas Ethics Commission, though he had previously disclosed ownership in Enforcement Video LP, the registered company name for WatchGuard Video. In an AP interview, Paxton described himself as a minor investor with no influence over the company, and said he didn't even know it had contracts with the state. "I don't have time to spend tracking every investment I make," he said.

  • In 2011, Paxton reported that less than $5,000 was paid to him by lobbyist Jerry Valdez, whose largest contracts are with energy companies.

  • Paxton is on the board of the anti-abortion Prestonwood Pregnancy Center and Frisco's Centennial Medical Center, a private hospital that touts its maternity services.