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Tap Rainy Day Fund to Help Texas Public Schools

A new commentary in the Corpus Christi Caller-Times lays out a strong case for long-term investment in public education, including tapping the $12 billion Rainy Day Fund.

According to Texas Education Agency data, the state is spending 10.7 percent less per student than it was spending in 2010 (after adjusting for inflation). The authors note that Texas’ more than 1,200 school districts differ in size, location, teacher labor markets, and student diversity and economic need. Those details matter in determining the resources each district needs. They call for a flexible school finance system that addresses district needs in a long-term, sustainable way.

“All Texans regardless of political party need to recognize that public education is an investment in the community’s future. These investments are not just about what a child learns today, but about the future of our state to produce productive and engaged workers and neighbors,” they add.

They contend that state lawmakers should stop relying on rising property values to limit the state’s investment in public education and tap the $12 billion Rainy Day Fund for public education. “…Part of the reason that money exists is due to the persistent underfunding of Texas public schools,” the authors write.

Read “Tap Rainy Day Fund to Help Texas Schools,” by David DeMatthews and David S. Knight, Corpus Christi Caller-Times.

January 7, 2019