Texas School Finance Fix Eludes Perry
David Mildenberg
Bloomberg News
November 27, 2011

Perry, a contender for the 2012 Republican presidential nomination, and legislative leaders in Austin have blamed this year’s public-education funding shortfall on a weaker economy and flaws in a 2006 tax overhaul that hasn’t met projections for revenue. In the two-year budget that began in September, aid to local schools fell short by more than $5 billion, a situation that business leaders have said threatens the state’s economy.

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