Wednesday, September 28, 2022
HomeMarketsWestBudget surplus is opportunity for investments in Texas public schools

Budget surplus is opportunity for investments in Texas public schools

Texas Comptroller of Public Accounts Glen Hegar’s recent announcement about the unprecedented $27 billion budget surplus generated a lot of enthusiasm around the Texas Capitol. Almost immediately, state leaders began floating ideas regarding how to best use the funds. Leading public education policy and funding experts agree that several funding options could significantly improve the lives of Texans for years to come – and we think young Texans should be a priority. We need to invest in the 5.4 million students who are the future of our state, and as public school finance experts, we have a few recommendations.

First, given record inflation, we propose an increase to the per-student dollar amount, also known around the Capitol as the basic allotment. This would benefit all students in all Texas public schools. Before the changes instituted by HB 3 in 2019, this basic allotment…

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