tylercsbn9 said:
bearcat said:
I would also like to understand it more. In the surface for me it seems like I will get a voucher for say $10k if and only if I choose to go to another school outside the ISD I reside in. So I could choose to pay for a Private School with that voucher. Do we not think the private school which is a private business will then just raise their prices so the cost savings for me would be a net $0? How does that produce a positive outcome? What am I missing?
It reminds me of the government getting more involved in the loan business and the explosion of the cost of college.
A lot of it has to do with how education is funded in Texas.
Local ISD collects property taxes in its boundaries.
The state says "You can only keep $6,160 per kid, per day they attend school, as a Weighted Average Daily Attendance (WADA). Anything over that is paid into the permanent school fund (state controlled) by Local ISD." If the local ISD does not collect enough from property taxes, the state will make a payment to them from the Permanent School Fund.
Then the state allocates money from sales tax and the lottery to also fund education. The feds kick in some too, depending if the campus is Title 1 or how many SPED students they have. Most schools will bring in about $9,000/child per year, based on their attendance and any special designations.
The state pays that $3,000 difference out of the Permanent School Fund first, which is primarily funded by recapture revenue at this point (any districts who make too much in property taxes).
If recapture ends up funding everything, which it has in the last few years with tax values skyrocketing and WADA dropping like a rock coming out of COVID, the state can keep all the lottery and sales tax money meant for education. It has not been constitutionally allocated to the Permanent School Fund. This is how our surplus grew to $32 billion. It was the "excess" from education.
All while this is going on, Governor Abbott and the TEA puts even more pressure on public schools to create regulations on how they HAVE to spend the pittance of money they are allowed to keep. Most schools took on 6 figures worth of required security changes while getting $15,000/campus. STAAR became computerized so districts had to invest in new WiFi infrastructure & Chromebooks just to take a test required by the State.
Now Governor Abbott wants to improve education by fixing nothing at public schools, but by taking money in the surplus and giving it to private schools which has absolutely zero state regulations - that's why they aren't failing!
At the end of the day the property tax money is the one thing they can't touch as it has to stay with the local ISD or go into the Permanent School Fund only to be used on education.