In this episode of "The Ascent," host Sam McGee welcomes Dr. Maggie Dominguez (Executive Director of Communications, BISD) and Garrett Wilson (Board Trustee, BISD) to discuss the complexities of Texas school funding, focusing on the "golden pennies" mechanism. The conversation covers:
How Texas school funding formulas work and the impact of property wealth on state funding.
The concept of "recapture" (Robinhood) and how affluent districts like Bernie ISD lose local tax dollars to the state.
The "golden pennies" mechanism, which allows districts to recoup some funds through voter-approved tax increases.
The difference between tax rates for building schools and paying teachers.
The importance of passing the golden pennies measure to increase teacher salaries and remain competitive.
The broader impact of teacher pay on recruitment, retention, and community health.
The challenges posed by rising costs, stagnant state funding, and increased insurance expenses.
Resources for more information, including the BISD website and general Texas VADER information.
The episode closes with a call to action for listeners to stay informed and participate in upcoming votes affecting local education.
00:00 - Introduction & Disclaimer
00:23 - About Crestmont Private Wealth
00:47 - Introducing Guests: Garrett Wilson & Dr. Maggie Dominguez
01:09 - Overview: Texas Education Funding
02:12 - Golden Pennies & School Funding Explained
03:08 - Recapture & Robinhood in Texas
04:42 - The Golden Pennies Mechanism
05:23 - Board Trustee Perspective: School Funding Basics
06:02 - Texas School Tax Rates Explained
07:22 - Comparing Tax Rates & District Growth
08:21 - Why the Golden Pennies Matter
08:58 - Teacher Salaries & Community Impact
10:30 - The Value of Investing in Teachers
11:29 - Funding Gaps & Legislative Changes
12:26 - Cost of Living, Salaries, and Funding Challenges
13:11 - Insurance Costs & Budget Pressures
14:07 - Where to Find More Information
14:28 - Closing Thoughts & Call to Action
15:07 - Outro & Thanks
Original Air Date: October 25, 2025 at 8:30am as heard on Boerne Radio 103.9FM
Contact: www.crestmontpw.com
Alec Walker in Houston: 831-280-5288
Sam McGee in Boerne: 830-368-2898
See omnystudio.com/listener for privacy information.
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