Policymakers can learn some lessons from 2003 to help keep state spending under control this session.
Uproar Over Texas Divesting from BlackRock Shows ESG Activists’ Disdain for the Rule of Law
On March 19, Texas State Board of Education (SBOE) Chairman Aaron Kinsey issued a statement that the Texas Permanent School Fund (PSF), one of the largest and oldest education endowments in the country with over $53 billion in assets, was moving $8.5 billion from BlackRock to other asset managers. Chairman Kinsey noted in the statement...