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HJR 151: Education Funding Increase | (Joint Resolution)

Goals and Outcomes

Proposition discussed in public hearing

Filed by Secretary of State

Signed by House and Senate

1,459,578 in support of the proposition and 509,590 not in support of the proposition

GOAL: The goal of the policy is to increase the available school fund from $3 million to $6 million.

What the Policy says

The School Board of Education will also be able to distribute the revenue from the Permanent School Fund.

The General Land Office will still be able to manage revenue from the Permanent School Fund.

The policy states that the available school fund will be increased. More specifically, the available school fund will increase from $3 million to $6 million, clearly a significant increase.

Legal Foundations

Article VII of the constitution is about education.

Change is being made to Section 5(g), Article VII in the Texas Constitution.

What the School Board of Education and General Land Office are supposed to do

The School Board of Education and General Land Office priodically distribute the permanent school fund into the available school fund.

The General Land Office manages the real estate investments for the permanent school fund.

The School Board of Education manages the financial investments for school funding.

Interest groups

Opponents

Those thinking about the future consequences

Less money invested means less money being made in revenue.

This policy will result in lower schools funding in the long term because there will be less money left for investments.

General Land Office

The State Board of Education will distribute less money to the Available School Fund, due to less money being in the Permanent School Fund.

The General Land Office will be contributing more to the Available School Fund than the School Board of Education.

Supporters

Public Schools wanting more funding

The State Board of Education and General Land Office could donate more of the money that they receive from the Permanent School Fund investments to the Available School Fund.

Improved funding for public schools when enough money is available.

School Board of Education

This policy will make the General Land Office and State Board of Education work together, resulting in more funding for schools and better relations between the organizations.

The General Land Office's land investments in the Permanent School Fund are making more money than the current $3 million amount that is available to the Available School Fund.