Inflation threatens school district finances in Texas

May 12, 2008
State's school aid formula doesn't account for rising costs

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.

Click here to read The San Antonio Express-News article.

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