The Texas Permanent School Fund (Fund) and its managers, the State Board of Education (Board), have become the focus of much critical attention over the past decade. Forever seeking greater sources of funding, the Texas Legislature has attempted to exercise greater control over the Fund to meet the State’s short-term needs for revenue. On the other hand, the Board has sought to accommodate the legislature while fulfilling its duty of protecting and growing a permanent, perpetual endowment fund.
K-12 Education
Texas Spends Billions on Public Schools. Where Does the Money Go?
Texans paid nearly $105 billion last year to support public schools. They expect that money to go towards providing students with a quality education, not to merely employ adults or line the pockets of outside consultants and contractors. If Texas wants a school system that is focused on effective education and not the appearance of...
August 28, 2026