Texas’ Economic Stabilization Fund (ESF) acts as a rainy day fund to cover state government budget shortfalls during economic downturns or emergencies and is often used for other purposes. The ESF’s shortcomings include it being rather easily raided for purposes other than covering budget shortfalls and stockpiling of taxpayer dollars in the fund. Legislators should raise the threshold vote to use the ESF for nonemergency purposes to four-fifths of each chamber, and consider lowering the cap and allocating funds above the cap to return to taxpayers or pay state liabilities. Read the full policy perspective below.
Austin ISD is an Absolute Mess
Texas’ “most progressive” school district—Austin ISD—continues to be a shining example of all that’s wrong in public education. To start, it was recently revealed that AISD is likely facing a $60 million budget deficit for the upcoming 2024-25 school year. But rather than reduce spending to close the gap, district officials appeared content “to [only]...