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.
Public Schools Plead Poverty—What Do the Numbers Say?
Public Schools Plead Poverty—What Do the Numbers Say? We are less than nine months away from the start of the 89th Texas Legislature, and public-school elites and special interest have already started to claim that our public education system is underfunded. Facing a $60 million budget deficit, Austin ISD Superintendent Matias Segura said that the...