A management structure for the Permanent School Fund similar to UTIMCO at the Permanent University Fund would be a positive step toward maintaining the integrity of the fund. It would give the State Board of Education authority over the fund commensurate with their responsibilities and provide them the necessary financial expertise.
Toward a More Well-Informed Citizenry
The 86th Texas Legislature sought to enhance public debt transparency through the creation of Voter Information Documents (VID). However, this instrument is not accurately providing debt amounts and needs reform. Key points: Governments are manipulating the VID methodology to deny voters accurate tax impact estimates. Many VIDs are dissimilar, making comparative analysis challenging. There is...