How does the Texas' public school finance system work now?

Public School Finance can be an intricate maze to follow, but the first step to understand funding is to understand where that money comes from. Sources of revenue are from: local, state, and federal levels. These sources are outlined as follows. Approximately 55% of funds comes from the local property taxes. The state government provides roughly 33.9% of necessary funds. Most state funding for education is pulled from a special account designated specifically for education; however, additional sources of revenue are also pulled from things like lottery proceeds or funds recaptured from wealthy school districts. Lastly, the federal government picks up the remaining 11.5%. Thus, the Texas public school funding system is therefore a shared arrangement between local, state, and federal sources. Funding calculations are based on factors such as student attendance, tax rates, and property value per student. Because property value varies across communities in Texas, the state provides funding to school districts in inverse relation to district wealth per student. If you are interested in reading a great overview of Texas school finance, please contact the the Texas Association of School Boards, who currently prints a fantastic primer entitled: "The Basics of Texas School Finance".