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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.

View Map

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

Digital Technology

Houston Sees Growth in Esports Industry

7/8/21
Alongside an ongoing run for green energy and the Californian exodus, the esports industry has gradually gained momentum in Houston. Just this year, the global esports market was valued at nearly $1.1 billion, up roughly 50% from 2020, according to Statista. Houston, ranked as the No. 2 fastest growing tech hub by Axios, is seeing noticeable investments dedicated to this space, including the University of St. Thomas’ esports center and Vindex’s announcement to locate their first-in-the-U.S. esports center in Houston. While many competitive activities were halted due to the COVID-19 pandemic, the online nature of the industry allowed consistent growth worldwide. Panelists at this year’s CES, the largest annual tech industry conference, noted the esports industry functioned with minimal interruptions and instead gained momentum during the pandemic, S&P Global Market Intelligence reported. Organizations in Houston took advantage of the all-online atmosphere and grew their esports areas. Justin Pelt, director of esports at St. Thomas, said the recent virtual technology growth sets the stage to show the world that Houston is empowering the esports scene. “The more Houston innovates and grows in the esports space and starts hosting big events, people around the world in the esports demographic will inevitably take notice and potentially create more interest in our city,” Pelt said.  St. Thomas, which recently unveiled an on-campus esports center only months after establishing an official esports club, sees the investments as an opportunity for students and the city to gain first-hand experience in the industry. “We are looking to play a big part in the future of esports and in shaping the digital landscape here in Houston,” said Jeff Olsen, vice president of marketing and university relations for St. Thomas. “In addition to our esports team and academic offerings, we have big names from the esports and gaming world like Mainline and SixFoot production studios officing right here on our Montrose campus, as well as ongoing collaborations with the Houston Outlaws.”  Meanwhile, Microsoft’s announcement that it will lease space in the Ion connects Houston to a tech-giant with billions invested in the gaming industry. Their latest purchase of interactive entertainment publisher ZeniMax for $7.5 billion earlier this year is an indication the tech giant expects continued growth in the gaming sector in the years ahead. While esports in Houston is still in its initial growth stages, it is clear there is a global stage set for success in one of the fastest growing tech  subsectors. Learn more about Houston's growing digital technology sector.   
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Public Policy

Key Outcomes of the 87th Texas Legislative Session

7/5/21
The Greater Houston Partnership is the region's primary business advocate and works on behalf of and alongside our 900 member companies to advance policy that supports continued economic growth across Texas. At the conclusion of the 87th Legislative Session formally the Greater Houston Partnership released a summary of outcomes from the organization's impact agenda for the 2021 session. In advance of this session, the Partnership’s Board of Directors and Public Policy Steering Committee worked to develop a legislative agenda that addresses the most pressing issues facing the business community and the greater Houston region – these being broadly categorized as access and energy competitiveness. Key wins were passed in both of these priority areas this session, with bills signed into law that:  Advance equitable access to public education, digital connectivity and health care Create a landscape that positions the Houston region to lead the development of carbon capture, use, and storage (CCUS), a key step in advancing the global energy transition Address business community priorities including workforce development, legal liability protections, transportation infrastructure and economic development Despite the challenges presented throughout the 2021 session including the ongoing pandemic and Winter Storm Uri, the Partnership successfully advanced important legislation that supports continued economic growth across Texas.  We hope this overview of outcomes gives you insight to key policy issues facing the greater Houston region and thank you for your ongoing support and engagement in our work.  View the full report. Learn more about the Partnership's public policy work. 
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