Big news from the Texas Capitol: the Texas House of Representatives has just passed a constitutional amendment (HJR 77) and enabling legislation (HB 2037) that would transfer authority over the Permanent School Fund from the State Board of Education to an appointed Permanent School Fund Management Council. The author of both is state Rep. Donna Howard, D-Austin. This is another indication of lawmakers’ growing dissatisfaction with the state board. TFN President Kathy Miller has released the following statement:
This was an overwhelming, bipartisan vote for competence and common sense. Taxpayers have a right to expect that people who manage billions of their dollars for our kids’ education actually know what they’re doing. We hope the Senate will join the House in approving these critical measures for transparency and responsibility.
Both measures now go to the Senate. If HJR 77 passes the Senate, voters must approve the constitutional amendment.