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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a provision of Texas Senate Bill 7 (73rd Texas Legislature) (the provision is officially referred to as "recapture"), originally enacted by the U.S. state of Texas in 1993 (and revised frequently since then) to provide equity of school financing within all school districts in the state of Texas.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 ...
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 ...
After just two days of the third special session, two major pieces of education legislation are heading to a full Texas Senate vote. Texas Senate panel advances school choice, education funding ...
On January 27, 2025, memo M-25-13 was released by Matthew Vaeth, acting director for the Office of Management and Budget (OMB). [1] [2] The memo said that the federal government of the United States in fiscal year 2024 spent over $3 trillion in federal "financial assistance, such as grants and loans", criticized the usage of "resources to advance Marxist equity, transgenderism, and [Green New ...
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 ...
The Austin school board last month adopted a $1.2 billion budget for the 2024-25 school year that depends on voters in November approving a tax rate of 92.87 cents per $100 of property valuation ...
Since 2008, states have reduced their school funding from taxes by 12%, the most pronounced drop on record. [13] The majority of targeted school funding reforms have been in response to court orders, often due to lawsuits. [14] Despite some efforts to improve school funding, 60% of schools report that their facilities need repair. [15]