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The Robin Hood Plan is a colloquialism given to a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.
The analysis found that on average, Texas public schools have received $10,387.03 in the 2023-24 school year for each of the 5.07 million students from state and local allocations — 1% more than ...
The Texas Permanent School Fund is a sovereign wealth fund which serves to provide revenues for funding of public primary and secondary education in the US state of Texas. [2] Its assets include many publicly owned lands within Texas and various other investments; as of the end of fiscal 2020 (August 31), the fund had an endowment of $48.3 ...
As districts shore up details for their 2024-25 school year budgets, many across Texas are facing steep funding cliffs. In the Austin district, officials face an $89 million deficit on the ...
The board devises policies and sets academic standards for Texas public schools, and oversees the state Permanent School Fund and selects textbooks to be used in Texas schools. [ 26 ] Since 2011, the board can still recommend textbooks, but public school districts can order their own books and materials even if their selections are not on the ...
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President Lyndon B. Johnson, whose own ticket out of poverty was a public education in Texas, fervently believed that education was a cure for ignorance and poverty. [2] [page range too broad] Education funding in the 1960s was especially tight due to the demographic challenges posed by the large Baby Boomer generation, but Congress had repeatedly rejected increased federal financing for ...
The state’s new funding model can help schools train students for high-demand jobs, panelists said at a Texas Tribune event. With new funding formula, community colleges can better prepare ...