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Alaska Permanent Fund: 74.455 December 2022 [3] Petroleum: 2 Texas: Permanent School Fund: 55.624 August 2022 [4] Commodity / petroleum: 3 Permanent University Fund: 31.763 August 2022 [5] 4 New Mexico: New Mexico State Investment Council Permanent Funds 31.000 December 2020 [6] Petroleum: 5 Wyoming: Wyoming Permanent/Endowment Funds 12.6 ...
The Permanent University Fund was established by the 1876 Constitution of the State of Texas. [2] Initially, its assets included one-tenth of University of Texas at Austin lands bordering the railroads (UT Austin was granted 1 million acres (4,000 km 2) in West Texas as compensation) as well as 1 million acres (4,000 km 2) additional. [3]
The interest produced by the fund's investments is distributed to the state's public school districts (in proportion to their average daily student attendance), but the fund itself may not be spent; this provision ensures that the fund will continue to grow, and its revenues will be available for Texas public schools in perpetuity. [3]
After the multi-billion-dollar company reported a gross profit of $1.7 billion in the third quarter of fiscal 2024, it received a taxpayer-funded Texas Enterprise Fund grant of $1,072,500 for the ...
(The Center Square) – Of the many bills being filed in the Texas legislature to address border-related issues, one would ban taxpayer money from being used to fund legal services for illegal ...
The Texas Permanent School Fund pulled its $8.5 billion investment from the asset-management giant BlackRock on Tuesday, saying its environmental policies are harmful to the state's energy industry.
Texas is one of only 7 states not to have a state income tax. [22] [23] The state sales tax rate, 6.25%, is above the national medium, with localities adding up to 2% (8.25% total). [24] Texas does have a "back to school" sales tax holiday once a year (generally around the first weekend in August) on clothing and footwear under $100. [25]
This article is published in partnership with TexasTribune.org. Texas will fully fund school districts that have seen student attendance drop during the pandemic, as long as they maintain or ...