Members of the Texas House and Senate are now considering legislation to change the Permanent School Fund. Three proposed constitutional amendments, if adopted, would change who makes decisions about the fund, what the spending policy is and would expand the beneficiaries of the fund.
Supermajority Solutions for Texas Taxpayers
Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...