K-12 Tax & Spending Climate: Redistributed Texas School Funds

Houston Chronicle:

Texas public schools struggle to keep up with rapid enrollment growth. Local taxpayers have seen their bills climb. The Texas Permanent School Fund, created 165 years ago to help in just this kind of crisis, stands today at $44 billion. But when the numbers are adjusted for inflation, it is sending less money to schools than it did decades ago. The Houston Chronicle spent a year investigating how this happened.