dailynews
Inflation threatens school district finances in Texas
The Texas school funding system approved two years ago by lawmakers provides no new money to cover rising costs — especially fuel, utilities and health insurance. Officials warn the plan’s tax revenue straightjacket will allow inflation to push some school districts into bankruptcy. At-risk districts, generally, will find a way to make it for the next school year, but many face horror situations in a few years unless legislators dramatically change the school funding system again.