The Sunnyvale school district paid just over $300,000 for property and casualty insurance in 2022. Now they鈥檙e bracing to pay more than half-a-million dollars.
Everything from bus fuel to printing paper costs public schools more money. Their budgets increasingly are stretched thin as the base amount of state money they receive has remained stagnant for years.
Texas funds its schools through a longstanding set of complex formulas, but the building block of it is called the basic allotment. That per-student amount sits at $6,160 鈥 the same as it was in 2019. To have the same buying power today, based on inflation, it would need to be closer to $7,500.
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