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.
Jorge Barro, Ph.D. is a fellow in public finance at the Baker Institute. His area of research involves the development of dynamic macroeconomic models for fiscal policy evaluation. Prior to joining the Baker Institute, Barro was an economist at the …
