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November 17, 2020      4:40 PM

Costs of new school finance law continue to climb

Some funding adjustments took more money than expected; some took less. The gains and losses were fairly even until it came to formula transition grants

The cost of protecting House Bill 3 – the massive school finance and tax relief law passed last session – appears to have grown significantly in the first year of implementation.

The rough back-of-the-napkin estimate, from the materials presented by Education Commissioner Mike Morath to the Texas Senate Education Committee, would suggest the bill has cost the state $351 million more than projected.

Before we get to that additional cost, let’s tie down some specifics Morath mentioned as he attempted to outline progress on House Bill 3:

By Kimberly Reeves

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