Monday, September 28, 2009

TEXAS EDUCATION BOARD’S FUND MANAGEMENT FACES SCRUTINY – or – Where is Molly Ivens when we need her?

The Texas State Board of Education is being questioned about its fiscal management of the $19 billion Texas Permanent School Fund that pays for textbooks and school supplies. In the last year, the board has spent hundreds of thousands of dollars hiring consultants against the advice of fund staff, fired the fund's general investment consultant and faced off with legislators, who tried unsuccessfully to wrestle control of the fund away from them. The Dallas Morning News (9/27) Texas education board's fund management faces scrutiny

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