The Texas House budget is proposing to pump nearly $7 billion for public schools. The senate now releasing their plan which falls about $3 billion short of the house proposal.
On Tuesday the Texas senate joining the house in proposing billions for public education. The proposal includes $3.7 billion to give all full-time public education teachers a $5,000 annual raise plus $2.3 billion for property tax relief. Netting a total increase of $4.7 billion from the previous fiscal year. The house proposal will net $7.1 billion which includes relief for retired teachers pensions and school safety.
Both chambers agree on proposing cuts of more than a billion dollars for health and human services and budget proposals require revamping the school finance system and property tax relief.
To pay for the increases, the house proposes taking $633 million from the state’s rainy-day fund while the senate’s version proposes a $3.5 billion withdrawal to address shortfalls in the previous budget.Lawmakers must take both budget proposals and reconcile the differences before taking it to a vote.
The budget is the only item lawmakers are required to pass and must do so by May 27th.