Issue Position: Permanent School Fund

Issue Position

Date: Jan. 1, 2012
Issues: Education

I will bring experience and integrity to the management of funding intended for public education.

The Permanent School Fund was established in 1854 by State leaders and is sometimes referred to as "the children's fund". It has helped pay a share of the cost of educating Texas school children since that time. The State Board of Education is charged with the responsibility of overseeing the investment portfolio assets of the fund.

It is imperative the use of this fund be managed properly and that decisions concerning the investments of the fund be made with wisdom. This fund is not intended for political use, but must be used for students and only for students. The use of this fund should reflect fiduciary responsibility on the part of the SBOE, with emphasis on what is best for the students in the classrooms in Texas.

As an officer of the largest non-union educator association in Texas and the United States, I have had experience overseeing a similar fund and have learned the importance of making decisions that affect the fund.


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