The candidates for Texas comptroller will sit down for their first televised debate on Time Warner Cable News. Republican Sen. Glenn Hegar and Democrat Mike Collier have agreed to a half-hour round-table discussion in our Capital Tonight studio on Oct. 29.

The candidates will face off as fresh questions are raised about the state’s spending practices. Notably, the new comptroller will have to answer difficult questions about the state’s Major Events Trust Fund. A San Antonio Express-News investigation revealed that the state started doling out $250 million in incentives to the Circuit of the Americas, without a formal written application in place.

Collier has argued the Trust Fund should be moved to another agency, while Hegar has said there needs to be more transparency and reforms need to be made.

The debate airs live at 7 p.m. and will be seen in the Austin, San Antonio and Waco television markets. It will be moderated by Paul Brown.