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Texas School Finance bill could reduce $4 b - BusinessWeek

By JIM VERTUNO

AUSTIN, Texas.

The finance law school who do not have to pass to the Senate of Texas has been a key element of the State budget plan to slash billions of dollars of education of the public.


And, without it, said Republican leaders that Parliament must return quickly in a special session to resolve the problem created by the failure of the Bill. Governor Rick Perry has promised to call a special session, Dewhurst of David the lieutenant Governor said senators would begin Tuesday


The Bill would have allowed the State to pay the public schools of $ 4 billion less than under the current legislation. And it has been linked to the budget in a way that without it, the State will not distribute approximately $ 37 billion in public schools.


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Legislators have this problem, said Senator Steve Ogden, President of the Senate Finance Committee.


"It's a big problem", Ogden said after the Senate is suspended. "There is no money for public schools."


The provision of schools would change forms of distribution in public schools so that the State could legally give less money schools under the new budget which deals with a deficit of several billion dollars.


It would have spread the $ 4 billion cut to schools over the next two years, with a percentage of 6 generalized cut in 2012, and $ 2 billion in funding levels targeted in 2013.


"We should not vote for a budget that redefines broke as usual," said Senator Kirk Watson, D-Austin.


Critics also said that the Bill would in the future schools by eliminating a requirement that the State fill funding gaps that may be caused by a dip in the local property values.


Democrats fought for more money on the reserve fund to use 10 billion dollars to fund public schools, a gesture which was rejected by Republican leaders in the House and the Senate.


The draft law schools effectively died Sunday evening on a filibuster by Senator Wendy Davis, a Democrat from Fort Worth, which prevented a vote. Republicans scrambled to find a few Democrats to join them Monday in boost for a vote, but could not obtain an agreement late in the afternoon.


Republicans have a majority of 19-12 in the House and six to join them to force a vote necessary.


"Need to fight for what you believe,", said Senator John Whitmire, D-Houston.


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