ca$h for clunker$ @ stealership

[Brucelee]

Originally Posted by timothy

Texas instituted a Robin Hood school finance plan in 1993. Since we do not have state income tax, property tax revenue funds K-12 education. The idea was to take money from property tax rich districts and give it to districts with lower property tax values. As many expected the state to waste huge amounts in redistribution, one option enabled a "rich" district to partner with and write a check directly to a "poor" district.

The district where I was a student wrote a big fat check to one in southwest Texas. So what did they did with tens of millions in new found wealth? One would expect the poor district to buy supplies, hire better teachers, expand lunch programs, etc. No, instead they built a brand new football stadium. Soon after our district severed ties and sent money to the state instead.

Sad but typical. "Free" usually means that folks who get free don't value it.