Page 2 - Basic Allotment News Today

The budget bills filed Wednesday would also allocate $600 million to the Texas Education Agency to help school districts “in implementing school safety initiatives.”

And Texas will have $188.2 billion in general revenue for the 2024-2025 fiscal year, a 26% increase from the last biennium.

And Texas will have $188.2 billion in general revenue for the 2024-2025 fiscal year, a 26% increase from the last biennium.

Conservatives want to use part of the money to provide property tax relief. Progressives want to boost funding for public education.

From public school funding to the student assessment model, education is expected to be a hot topic when lawmakers return to Austin in January.

Back in July of this year, Texas Comptroller Glenn Hegar announced that he had revised his original revenue estimate and increased it to close to $27 billion. That’s extra money that the state has due to a rebounding state economy on the heels of the COVID pandemic. Due to consumer activity, sustained oil and gas prices and reshoring initiatives, some pundits predict that the surplus could increase substantially by the time the Texas Legislature has to spend it.