The problem is clearly lack of revenue as well as over spending in some districts. It all goes back to 2006 when the Legislature mandated a drop in property taxes. I'm not a huge proponent of higher taxes, but all they have to do is raise property taxes back to where they were which would cure the revenue issue, and make cuts necessary as needed. Failing to adequately educate the children of Texas will be the downfall of our state. If I have to pay higher property taxes to save our educational system, so be it.
And, I will say that I'm a Republican through and through, but Rick Perry is an idiot and should never have been re-elected. He brags about and takes credit for balancing our state's budget, but fails to say that the budget must be balanced by law. What an egotistical tool we have for a governor.