The National Cutting Horse Association, in partnership with the City of Fort Worth, received $1,158,482 from the Texas Major Events Trust Fund on July 20. The payment includes funds derived from the 2012 NCHA Summer Spectacular.
NCHA and the City of Fort Worth will continue to work with the state comptroller’s office in regard to payments for the 2012 NCHA Futurity, as well as 2013 events.
NCHA remains committed to working with the City of Fort Worth and the state comptroller’s office to ensure the continued investment of the Major Events Trust Fund remains a vital component for tourism and economic growth for the State of Texas and businesses headquartered there. Funds are based on actual sale taxes generated by NCHA events.
The Major Events Trust Fund contributed more than $4.3 million to purses and production of the 2012 NCHA Triple Crown Events in Fort Worth, which has allowed NCHA to virtually double the value of payout since the inception of the Fund. Through the work of NCHA lobbyist and legislative consultant Jim Short and contributors to the Texas Events Political Action Committee, NCHA was able to remain in the METF. NCHA is the only equine organization included in the METF.
While the monies contributed by the METF are paid through the Triple Crown events, NCHA members throughout the country benefit from true added money.
Continued support of the Texas Events PAC and the engagement of all NCHA members are crucial to continuing the investment of the state into the sport of cutting and economic growth in Fort Worth.