Overview
- Investigative reporting by ProPublica and The Texas Tribune found Paxton’s recent federal filings omitted rental income for multiple homes and reported no income from properties that were listed or confirmed as rentals.
- Reporters located mortgage records for three condos at the Black Desert Resort in Utah that Paxton did not list as liabilities on his filings even though those loans appear tied to rental units.
- Paxton valued a 20% stake in a 42-acre Texas parcel at up to $50,000 on a filing while a business partner told reporters the share has long been worth about $1 million, creating large valuation discrepancies.
- Paxton declined requests for an interview and his campaign dismissed the findings as partisan, while experts note federal law requires loans over $10,000 and market-value reporting and allows fines or prosecution for false disclosures.
- The revelations deepen long-running questions about how Paxton amassed wealth while in office, could complicate voter assessment in the Senate race, and face uncertain enforcement because the Senate Ethics Committee rarely opens formal probes.