Tuesday, April 9, 2019

#TXLEGE: Larry Taylor's Permanent School Fund Stunt

"There is desirable treasure,
And oil in the dwelling of the wise,
But a foolish man squanders it."
Proverbs 21:20

Via RPT:
Tomorrow, Tuesday April 9, SJR 78 will be heard in the Senate Education Committee. The bill will remove responsibility for the Permanent School Fund (PSF) from the elected State Board of Education (SBOE) to an unelected entity. The SBOE and its oversight of the PSF have been long time and current planks of the Republican Party of Texas Platform. The Republican Party of Texas State Executive Committee (SREC) passed a resolution reaffirming the SBOE’s responsibility for the PSF.

The PSF pays for textbooks and per student funding. It is not funded by taxpayer dollars, has achieved solid investment performance over the past decade, and its management by the SBOE allows the coordination of the State Board of Education’s materials purchase decisions with the Permanent School Funds’ investment performance.

SBOE members will be testifying against the resolution to remove the constitutionally assigned responsibility for the fund from the Board tomorrow. Join them in supporting their constitutional authority and the Platform of the Republican Party.

Please encourage your elected Representatives and Senators to vote against SJR 78.
It's insane. In a session where school finance is the alleged hot topic, they want to raid the most secure source of long-term school funding. Your "conservative" legislature. Bottom Line: Nothing good....

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