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.
Dallas-Area Schools Aren’t Broke, They’re Just Misspending Their Money
Fort Worth Independent School District says it will cut staff members because of its budget crunch. Dallas ISD is ending some high school programs. Plano ISD is conducting a study which “may lead to restructuring or consolidating schools to better serve students,” the district says. “No one cause is to blame, although the state legislature not providing addition...