Ethics Explorer A Guide to the Financial Interests of Elected Officials

Rep. Phil King District 61 (R-Weatherford)

Industry
Lawyer
Education
B.A., Dallas Baptist University; M.B.A., Dallas Baptist University; J.D., Texas Wesleyan University
Spouse
Terry
Committees
  • Energy Resources Committee
  • Pensions
Financial Statements

Sources of Income

  • King is a partner in Eggleston, Flowers & King, a general business law firm in Weatherford.

  • He has interests in several Weatherford-based businesses, including King Investments.

  • He has shares in CSIdentity Corp and Heritage Bankcorp TX Inc.

  • King's financial statement lists income from a family trust.

  • He is a member of the Texas State Guard.

Property

  • Residential property in Weatherford valued at $259,000

  • There are also five properties on more than 200 acres of ranchland belonging to a family trust with a value of $2,602,690.

Analysis

  • In 2009, King was fined $1,300 by the Ethics Commission, which found evidence of some conversion of political funds for personal use, for dry-cleaning expenditures (which are not reimbursable from political funds). King made reimbursements to his campaign. King attributed the issue to ambiguity in the reporting rules.

  • A 2008 article in the Fort Worth Star-Telegram found that the president of AT&T had written a letter urging employees to help re-elect King, then head of the House Regulated Industries Committee. King had said he did not know of any AT&T workers who were campaigning for him.