The inefficiencies in the education system promise to yield significant savings to help budget writers balance the budget within available revenue. But the savings cannot be achieved unless the state, school districts, and institutions of higher education are willing to radically change the ways they do business.
Growing Pains: The Cost and Contribution of Impact Fees in Texas
Texas’s rapidly growing population requires new infrastructure and improvements, which oftentimes come at great expense. To fund these projects, local officials often impose impact fees on new development—but their use comes at a cost. Key points: Texas is the fastest-growing state in the nation. As such, it has robust infrastructure requirements. To help finance capital...