The state’s prepaid tuition program-the Texas Guaranteed Tuition Plan-will run out of money between 2015 and 2017. By 2030, the program could cost taxpayers as much as $2.1 billion. To avert bankruptcy and keep the program on sound financial footing, reforms need to be made-like those made to the refund policy.
Taxes & Spending
New Braunfels ISD’s Staffing Decision Hints at a Larger Problem
Last week, New Braunfels ISD trustees committed to spend $4.3 million to fund 70.5 full-time positions in perpetuity. While the district’s staffing decision might seem unimportant at first, it actually hints at a large and growing problem becoming increasingly common in local budget matters. See, 26 of the 70.5 full-time positions were originally funded through...
April 15, 2024