Tribpedia: Permanent School Fund

Tribpedia

The purpose of the Permanent School Fund is to provide money for Texas public schools from sources other than tax revenue. The fund pays for textbooks for Texas schoolchildren and guarantees bonds issued by local school districts.

The Permanent School Fund is managed by the State Board of Education

The Dallas Morning News reported in September 2009 that a split ...

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Anti-Tax Groups Oppose Amendments to Texas Constitution

Texas voters started going to the polls this week to decide whether to add 10 amendments to the state's massive Constitution, potentially taking the total number of amendments to 477. In recent weeks, anti-tax groups have focused on three of the proposed amendments.

Texas Secretary of State Hope Andrade announcing the launch of the 2010 census in Texas
Texas Secretary of State Hope Andrade announcing the launch of the 2010 census in Texas

This Will Be on the Test

Texas Weekly

This week, Secretary of State Hope Andrade conducted a lottery that determined the order of the 10 new proposals on the November ballot. Each amendment already won approval from two-thirds of the House and Senate and now needs a nod from a majority of the voters. Here's the rundown... 

How to Navigate Texas' School Finance System

The Texas public school finance system, responsible for underwriting the education of the nation’s second-largest student population, is notoriously byzantine. Parsing the jargon alone — golden and copper pennies? hold harmless? recapture? — can prove a hopelessly frustrating task. Here’s our layman’s guide to figuring it out.

TribWeek: Top Texas News for the Week of 2/21/11

Our latest University of Texas/Texas Tribune poll on the budgetimmigration and gambling, Galbraith on the doubts raised by power blackouts, M. Smith on efforts to get state backing for charter school debt, Ramshaw talks Medicaid with state Rep. Garnet Coleman, Musa on what cuts would do to the Texas Youth Commission, E. Smith's TribLive interview with three freshman state reps, Aaronson on sonograms-before-abortions legislation, Grissom on the largest mental health institution in the state — the Harris County Jail, and a big update to our government employee payroll database: The best of our best content from Feb. 21 to 25, 2011.

Students at Austin Discovery School work on a project at the Texas charter school on Tuesday, February 15th, 2011.
Students at Austin Discovery School work on a project at the Texas charter school on Tuesday, February 15th, 2011.

Texas Charter Schools Eye Permanent School Fund

The single biggest hurdle facing charter schools in Texas, advocates say, is finding adequate facilities. Some lawmakers want to give charters the same backing of the state’s Permanent School Fund for facilities bonds that traditional public schools already have. That would help them secure far better interest rates to buy property and avoid costly rent and interest payments. Among the biggest opponents: the traditional public schools.

State Board of Education Considers Renting to Charters

Hoping to tackle the long-standing challenge of financing charter school facilities, the State Board of Education is considering taking on a novel and controversial role: landlord. SBOE member David Bradley, R-Beaumont, wants to use $100 million from the $23 billion Permanent School Fund to buy properties and then lease them back to charter schools, which have historically struggled with capital costs. Critics say the elected board can't possibly fulfill the mandate of the Fund — to invest for maximum return — while at the same time cutting charters a good deal. 

Permanent School Fund Rebounds With Market

The state’s permanent school fund, which spins off money for textbooks and the like each year, has recaptured billions of dollars after a frightening downward spiral this spring.

Trouble is, the increase in the fund may produce no increase at all in education spending. The real beneficiaries of the fund often are the state legislature and its priorities outside education.