State officials hashed out a nearly last-minute deal on school finance late yesterday. Today we're seeing the details of how the state will cut $4 billion from Texas public schools in the next two years.
Tarrant County area schools will lose $260 million over the next two years. Under the deal, the Fort Worth school district will lose nearly $40 million over the next two years. Arlington will lose almost $29 million. Click here for a complete list of district-by-district cuts.
Included in the deal are efforts to eliminate target revenue by 2018. The complex system was created during the 2006 overhaul of school finance that set different per-pupil funding levels for each school district. However, the deal also establishes a joint legislative committee to address school finance between now and the 2013 legislative session.
UPDATE: Here's the local district-by-district breakdown.
Eagle Mountain-Saginaw $20,336,740
Fort Worth $39,188,679
Lake Worth $2,983,716
White Settlement $4,252,858