When the Texas legislature reconvenes January 10, it will have a laundry list of things to tackle – some controversial, some mundane (you can keep up to date on the full list of bills filed here). But some of the biggest issues will involve the trajectory of public education in the state.
While we can’t provide an exhaustive list of everything the legislature will address this session (although rest assured – we’ll be keeping you abreast of the most vital pieces of legislation), I thought it would be a good idea to look at three key things legislature will have to address this session.
The biggest, of course, will be school finance. This is the one that not only affects how schools budget for education and innovation, but also how good and great schools stay good and great schools, and schools that need improvement have the tools to improve. And this, of course, directly impacts the bottom lines of Realtors and homebuyers and sellers, since schools are frequently in the top five considerations when it comes to looking for that family abode.
And, of course, school finances are currently tied to property taxes, which makes whatever the legislature does of vital importance to homeowners. And trust me, the legislature will have to do something – the courts have mandated it. It won’t be cheap, and it won’t be easy, but expect much discussion over better funding formulas in the 85th legislative session. (more…)