The authors examine the impact of the transition to low-carbon energy on Texas K-12 funding, finding that the education shortfall will likely be between $13 billion and $120 billion over the next 30 years. They consider three potential sources of funding to replace the projected deficit: sales tax expansion, marijuana taxation, and gambling and gaming tax revenue.
Read Rice's press release for an overview of the report.
https://doi.org/10.25613/EMR2-HS57
Nov. 9, 2021, 9 a.m.
John W. Diamond, Ph.D., is the Edward A. and Hermena Hancock Kelly Fellow in Public Finance and director of the Center for Public Finance at the Baker Institute, an adjunct professor of economics at Rice University and CEO of Tax …
