Your afternoon reading:

  • "Texas teachers today took another stab at persuading legislators to use the rainy day fund and undo reductions in state education aid that are already baked into the 2012-13 budget." — Teachers continue call to stop school cuts, Postcards
  • "GOP presidential hopeful Rep. Ron Raul says he was a lone early voice warning about deficit perils, but now his alarms are winning mainstream support that could boost his 2012 bid for the Republican nomination." — U.S. Rep. Ron Paul says he sounded alarm on deficits, The Associated Press

New in The Texas Tribune:

  • "During the regular session, Gov. Rick Perry’s top legislative priority for higher education was the implementation of a new financing system that rewards universities for graduating more students, not just for getting students into classes. But policy makers have struggled to agree on which outcomes to measure, how to encourage them and if they should alter the funding formulas while budgets are being slashed." — Outcomes-Based Higher Ed Funding Seems Right — But Which Outcomes?

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