Texas House Passes $4.5B School Funding Bill.

The Texas House has given preliminary approval to a school finance bill that would increase the amount of state money that schools get per student, start adjusting it for inflation, and introduce a major change to how funding is calculated each year. The bill would raise the basic allotment, which is the minimum money that schools get per student, and would be the first bill to increase the amount of money districts receive to raise teacher pay and cover the actual costs of educating students. The bill also updates the base amount of money that teachers should make depending on their experience.