This study investigates the regulatory and financial incentives driving up expenditures and examines the fiscal accountability of school districts to taxpayers. Economist Milton Holloway reviews the economic performance of three Texas school districts and finds their accounting systems were not designed to differentiate between required spending and discretionary spending. This calls into question claims that public schools have insufficient funds to provide core instructional programs.
Taxes & Spending
After Tuesday’s Elections, Texas Can Take a Bow
On Tuesday, Texas voters overwhelmingly approved Proposition 4, a constitutional amendment to increase the residence homestead exemption for school district purposes from $40,000 to $100,000. With 99% of precincts reporting, voters approved of the measure by a margin of 83.4% vs. 16.6%. The passage of Proposition 4 cements the Legislature’s $18 billion tax relief package,...
November 8, 2023