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Public School Finance

Texas children, who are the foundation of our future workforce, must have access to a quality education. Improving student achievement starts with how our state finances public education. For the first time since 1993, transformational, long-term improvements to the K-12 education system advanced during the 86th Texas Legislative Session with the passage of school finance reform.

The reform legislation provided $6.5 billion in new state funding to the public education formula funding system and placed greater funding emphases on proven programs aimed at increasing outcomes for all students. Before the start of the legislative session, the Partnership launched a Public School Finance Workshop series in the fall of 2018 designed to enhance the business community's understanding of school finance. That series culminated in publishing a school finance white paper. The Partnership will take a similar data-driven approach to analyzing Texas' public education achievement and identify areas where the business community can support growth.

The Partnership's Priorities for Public School Finance

  • Help the business community to understand the new public education formula funding system and how it impacts the Houston region

  • Advance near- and long-term improvements to public education quality

  • Continue to advocate for sufficient funding of the new school finance formula system and advance innovative initiatives

Actively Involved

Signed into law after the 86th Texas Legislative Session, House Bill 3 delivers transformational school finance solutions, increases the state’s share of funding public education from 38 percent to 45 percent and reduces the burdensome cost of recapture.

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View the Interactive District Map

Explore school finance formula by district.

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New School Finance Formula

Easily follow the new school finance formula on just one page.

See the formula

White Paper Studies School Finance System

Before the session, the Partnership published this white paper.

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Related News

Economy

Partnership Statements on Texas Expanding Business Reopening Plans

9/17/20
HOUSTON (September 17, 2020) - The Greater Houston Partnership released these statements on behalf of its president and CEO, Bob Harvey, with regards to Governor Abbott's expansion of the state’s reopening plans. More details about the announcement and the modified metrics may be found here. Statements Attributable to Bob Harvey, president and CEO, Greater Houston Partnership  On Governor Abbott’s announcement We are pleased that Governor Abbott has signaled we are moving forward with reopening a greater portion of the Texas economy. Houstonians have done a great job working together – masking up and maintaining social distancing – to slow the spread of COVID-19 in our community. It is now critical that we get Houstonians back to work and restore our small businesses that have been so severely impacted.  However, as we continue to reopen, it is even more critical that we do so safely and sustainably.  On importance of maintaining practices to safely reopen the economy Houstonians have shown we can manage COVID-19 in our community by wearing masks, washing our hands and keeping our distance from others. As the economy continues to reopen, it is crucial that we continue these practices to ensure the safety and wellbeing of our families, our employees, and our community.  As we increase our activity, we cannot let our guard down. COVID-19 is still prevalent in greater Houston. We must be vigilant and continue practicing the same safety measures that helped us slow the spread of COVID-19 in recent weeks. If we all do our part, we can enjoy a better quality of life this fall.  ### Greater Houston Partnership The Greater Houston Partnership works to make Houston one of the best places to live, work and build a business. As the economic development organization for the Houston region, the Partnership champions growth across 12 counties by bringing together business and civic-minded leaders who are dedicated to the area’s long-term success. Representing 1,100 member organizations and approximately one-fifth of the region’s workforce, the Partnership is the place business leaders come together to make an impact. Learn more at Houston.org. CONTACT:     Vice President, Communications          (c) 504-450-3516 | amistretta@houston.org Maggie Martin  Senior Manager, Communications          mmartin@houston.org 
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Education

Rice Alliance Launching New Clean Energy Accelerator

9/17/20
The Rice Alliance is launching a clean energy accelerator in 2021 at The Ion, the innovation hub in midtown Houston.  The new hands-on, 12 week program will support early-stage energy startups from across the U.S. and around the world. Startups will have access to Rice Alliance’s network of energy corporations, energy investors, and energy advisors, and experience curriculum and programming designed to increase their likelihood of success and accelerate their path forward.   “Houston is our home, and we are strong believers in our city, " said Brad Burke, Managing Director of the Rice Alliance. "It is here that some of the greatest minds in energy are innovating. New technologies, many driven by startup companies, have enabled the US to become energy self-sufficient for the first time in history. But the global energy needs are growing and changing. So we need to apply that same entrepreneurial spirit and technology innovation to meet these challenges for the future.”  The energy accelerator will support, champion, and align with the momentum and efforts happening in Houston to further the energy transition. The Greater Houston Partnership is working alongside the business community, stakeholders, elected officials and others to identify solutions to take on the dual challenge of meeting the world’s increasing energy needs while lowering the world’s carbon footprint. Over the last year, the Partnership has been dedicated to strengthening Houston’s position by convening key leaders, advocating for sound public policy and attracting innovative companies who share this vision. “Houston truly is the hub of the global energy industry, and it is here where the next generation of energy leaders will create and scale innovations that will change the world,” said Bob Harvey, President and CEO of the Greater Houston Partnership. “We are home to major corporate energy R&D centers, corporate venture arms, a range of VC-backed energy startups, and a host of startup development organizations supporting energy technology. Rice Alliance for Technology and Entrepreneurship has long served as a catalyst for positioning Houston as a leading center of technology entrepreneurship. The new Clean Energy Accelerator will build on that legacy and align with the work already taking place in Houston’s robust energy innovation ecosystem.” This announcement aligns with Rice Alliance’s 20-year anniversary. The globally recognized initiative, within the Jones Graduate School of Business at Rice University, supports entrepreneurship education, technology commercialization, and the launch of technology companies. Since inception, Rice Alliance has connected with more than 2,675 startups that have raised $21.5 billion in funding. With a vibrant community, including more than 52,000 entrepreneurs, investors, and members of the entrepreneurial ecosystem attending over 200 programs hosted by the Rice Alliance, the accelerator is a commitment to expand that impact and continue to support the energy transition.  Applications for startups will open in early 2021. Learn more about innovation in Houston. 
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Related Events

HYPE

HYPE: Know Before You Go: Election Hot Topics

Join HYPE for Know Before You Go: Election Hot Topics with Lindsay Munoz, the Partnership's Vice President of Public Policy & Advocacy. We will discuss navigating the electoral system, what changes to expect with…

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