May 24, 2019      3:27 PM

New school finance fix prioritizes tax breaks over public education funding

The combination of this new school finance solution and the creation of a revenue cap has eliminated the predictable relief valves in the school finance system; the original priorities of the House have been flipped, per the numbers

Texas leadership is now putting $11.5 billion into a school finance bill with a heavy emphasis on property tax relief, and still, the question lingers: “Will this be enough?”

Some of this has to do with the lack of a significant new revenue stream for public education. The Texas Senate was game to cobble together multiple funding sources to cover the cost of House Bill 3, but that funding source is nothing compared to what would be produced through a sales tax-property tax swap, which failed.

Now that the language of the new plan is being circulated, we can break it down.

By Kimberly Reeves

Copyright May 24, 2019, Harvey Kronberg, www.quorumreport.com, All rights are reserved