The Texas Permanent School Fund (Fund) and its managers, the State Board of Education (Board), have become the focus of much critical attention over the past decade. Forever seeking greater sources of funding, the Texas Legislature has attempted to exercise greater control over the Fund to meet the State’s short-term needs for revenue. On the other hand, the Board has sought to accommodate the legislature while fulfilling its duty of protecting and growing a permanent, perpetual endowment fund.
K-12 Education
TEFA is a Success. What’s Next?
Texas’ launch of the Education Freedom Accounts (EFA) program has been nothing short of historic. It sends a clear message that families are demanding more control over their children’s education. Within the first 24 hours, more than 42,000 applications poured in, shattering national records for a school choice program rollout. By the time applications closed,...
April 2, 2026