Although most Texans think in terms of local and state funding for schools separately, such is only true for facilities funding. Local school district property taxes collected for M&O purposes actually perform like a state property tax.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...