Top 3 Historical Events in School Finance from Jesus Uranga, Tom Wales, Bart Walters and Anthony Watson:
1. The Constitution of 1845 provided for the establishment of free schools and called for state taxes to support education with 1/10 of revenue to support education. This became the basis of the Permanent School Fund.
2. The Constitution of 1876 established the Permanent and Available School Funds. . This document contained important language which stated the legislature must establish and make suitable provision for the support and maintenance of an efficient system of public free schools.
3. The Gilmer-Aiken Laws impacted several different aspects of education. These laws made changes or creation in areas such as taxes for education, teacher salaries, State Board of Ed structure, formalized the school year, and most importantly it moved the responsibility of public education to the State. This was also the first true organized approach to the state supplementing local taxes in an attempt to adequately fund public education.
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