School finance in the United States has been in turmoil for thirty years. Three things have contributed if not caused this turmoil. First, the courts have become very active participants in the design of school finance policy, and this is not something they are particularly well-equipped to do. Second, court decisions have reinforced a more general tendency to centralize school decision making at the state level. Third, school finance has been largely divorced from considerations of the performance of schools. The result has been that the outcomes have been disappointing both in terms of the levels of student achievement and in terms of measures of equity across schools. The State of Texas of course knows many of the problems, and I believe it is a very good sign that the Governor and the Legislature are prepared to address the issues.
Taxes & Spending
Bigger in Texas: Sizing Up the State’s Finances
Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...
August 2, 2024