It is inaccurate for anyone to claim that state spending in the House budget is failing to keep pace with population growth and inflation. In fact, even after accounting for the correction of past deferrals, state spending in HB 1 is increasing faster than estimated population growth and inflation. Spending in all areas other than public education is increasing by over 13 percent, five percentage points higher than inflation and population growth are prognosticated to be.
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...