logo
How much federal funding San Antonio school districts get

How much federal funding San Antonio school districts get

Axios19-05-2025

Local school districts in Texas are struggling with funding deficits and could face more shortfalls under a Trump administration plan to dismantle the U.S. Department of Education.
Why it matters: As the White House signals that less help could be coming, Texas public school districts are closing campuses while facing teacher shortages and falling school performance ratings.
The big picture: Education has been a focus of the Texas Legislature this year. Gov. Greg Abbott this month signed legislation creating a $1 billion private school voucher program.
Lawmakers are also advancing long-sought legislation to bolster public school funding. The Texas House last month passed House Bill 2, which would spend nearly $8 billion to increase per-student funding by $395, among other measures. The Senate last week released its counter-proposal, which would increase per-student funding by just $55, per the Texas Tribune.
Reality check: It's unclear precisely how the potential demise of the Education Department will affect federal funding to local school systems. The department is the primary source of federal money to local schools, but not the only one.
Zoom in: Public schools across Texas receive about $13.4 billion in funding from federal sources, per Census Bureau data. That's about $439 per person, making Texas No. 9 in the nation for per person federal school funding.
Northside ISD, San Antonio's largest school district, gets about 15% of its revenue from federal sources. That's more than $219 million.
Between the lines: Nationally, federal funds now make up an average of about 14% of a public school system's budget, with more typically going to lower-income areas.
That plays out in San Antonio. On the South Side, Harlandale, South San and Somerset ISDs bring in more federal revenue than local revenue.
Alamo Heights ISD, a wealthy North Side district, receives just 6% of its revenue from federal funding, while Edgewood ISD on the city's near West Side gets 42%.
Other area districts counted federal funding among their revenue in 2023:
Medina Valley ISD: 10%
East Central ISD: 16.5%
North East ISD: 17%
Judson ISD: 17%
Southside ISD: 21%
Somerset ISD: 22%
San Antonio ISD: 26%
Harlandale ISD: 27%
South San ISD: 30.5%
What they're saying: In Edgewood ISD, federal funds support afterschool instruction and professional development for educators, as well as a special education program and Head Start and Early Head Start programs, Myrna Martinez, Edgewood's superintendent of business operations, tells Axios in a statement.
"Losing this support would have a profound impact not only on the district but also on the many families who depend on these early learning opportunities," Martinez says.
"No matter the challenges, Edgewood ISD will continue to prioritize student success and provide every opportunity to ensure their future."
The other side: Trump's order to close the Education Department is a step toward fulfilling one of his campaign promises: removing federal oversight of states' public education systems.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why EchoStar Bounced Back Today
Why EchoStar Bounced Back Today

Yahoo

time10 minutes ago

  • Yahoo

Why EchoStar Bounced Back Today

EchoStar issued a press release touting its new 5G-enabled tablet. The FCC recently threatened EchoStar's spectrum holdings, alleging it hadn't been building its 5G network fast enough. Elon Musk's public spat with Donald Trump may also, believe it or not, account for the rise, since Musk's SpaceX wants EchoStar's spectrum. 10 stocks we like better than EchoStar › EchoStar (NASDAQ: SATS) shares were bouncing back today, up 10% as of 2 p.m. ET. EchoStar's shares have been under severe pressure since the beginning of the year, but especially in the past week. That's because management decided to not make two separate interest payments on its debt, as it awaits a decision from the FCC regarding its spectrum. Management has a 30-day grace period to do so before the company is technically in default. The spectrum debate has to do with the pace of EchoStar's 5G rollout, and is also indirectly linked up with Elon Musk's SpaceX. Back in May, the new Trump-appointed FCC director sent a letter to EchoStar, stating that the extension it was granted to complete its 5G network buildout by the prior administration was under review. EchoStar had purchased valuable spectrum years ago, on the terms that it would build a 5G network to increase competition in the industry. However, EchoStar's buildout has been slow, which is perhaps not surprising, given its declining legacy business in satellite TV. In an interesting wrinkle, Musk's SpaceX had led a campaign to win more satellite spectrum for its own services, including the spectrum held by EchoStar. That may have played a part in the FCC's initiation of a review, given Musk's ties to the Trump administration. However, late yesterday, EchoStar issued a press release introducing its new Boost Mobile Celero tablet, the Celero5G TAB, a low-cost tablet that takes advantage of EchoStar's 5G network. While normally not that significant, the announcement of a new 5G product could go a ways toward making EchoStar's case to the FCC that it deserves to keep its spectrum. Furthermore, it appears Musk's relationship with the Trump administration is now on the outs, given Musk's storm of posts today criticizing the administration and Republicans in Congress for the deficit expansion in the "Big, Beautiful Bill" making its way through Congress. If Musk and Trump have a falling out, then the FCC may not aggressively pursue EchoStar's spectrum on behalf of SpaceX, if SpaceX's campaign was in fact a motivating factor in initiating the review. EchoStar's stock has been punished severely, so it could make for a turnaround play if in fact it's able to deploy 5G to more areas and grow its low-cost Boost Mobile offerings. However, its high debt, declining legacy satellite TV business, and unresolved battle with the FCC remain big risks. Betting on a big recovery is a highly risky proposition, and only appropriate for speculators at this point. Before you buy stock in EchoStar, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and EchoStar wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why EchoStar Bounced Back Today was originally published by The Motley Fool

Ford Stock (NYSE:F) Gains with Better Access to Rare Earths
Ford Stock (NYSE:F) Gains with Better Access to Rare Earths

Business Insider

time14 minutes ago

  • Business Insider

Ford Stock (NYSE:F) Gains with Better Access to Rare Earths

One of the biggest supply chain problems for companies like legacy automaker Ford (F) is the access to rare earth minerals of the kind commonly used in electric vehicles. But a new report says that getting those rare earths out of one of their biggest sources, China, will actually be a little easier now. That news made investors breathe a little easier themselves, and shares were up nearly 2% in Friday afternoon's trading. Confident Investing Starts Here: China has brought out a set of temporary export licenses, reports note, which will offer up access to rare earths for each of the Big Three automakers, which include General Motors (GM) and Stellantis (STLA) as well. Reports note that at least some of the licenses are valid for the next six months, which should keep the lot of them in rare earths for some time to come. But it was hard not to notice that this change came just after a recent phone call between President Trump and President Xi Jinping, suggesting that that was part of some larger deal between the two. The move to restrict the supply of rare earth minerals has left many companies scrambling to fill in the supply gaps, and left many considering China a major bottleneck in the supply chain. With China producing about 90% of the world's supply, it is clear that they have the whip hand when it comes to these elements. We're All Getting Concerned About These Recalls You have likely noticed by now that the news around here, when it comes to Ford, seems to reference 'recall' a lot lately. Granted, some of these recalls have been minor to say the least; recalls that impact a handful of cars, or that are fixed with a software update. But not all of them have been so trivial, and some are starting to wonder if Ford's quality issues are starting to flare back up again. Daniel Ives, analyst with Wedbush Securities—who has a four-and-a-half star rating on TipRanks—recently noted that Ford was in a 'code-red situation…after a disaster quarter.' Rising warranty costs connected to all these recalls were hurting Ford, much as they did last year at this time. And with more recalls seeming to crop up, that could indeed prove a problem. However, bear in mind that the recalls are not all problems, especially when software is involved. So while Ford's recall count is on the rise, many of these recalls are much more simply addressed than they once were. Is Ford Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Hold consensus rating on F stock based on two Buys, 12 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 16.87% loss in its share price over the past year, the average F price target of $9.71 per share implies 5.18% downside risk.

Stocks rally as Trump-Musk feud cools down
Stocks rally as Trump-Musk feud cools down

Yahoo

time21 minutes ago

  • Yahoo

Stocks rally as Trump-Musk feud cools down

Stocks rally as Trump-Musk feud cools down originally appeared on TheStreet. Crypto stocks bounced back on June 7 as both President Donald Trump and Tesla (Nasdaq: TSLA) boss Elon Musk retreated from their big, ugly feud from the previous day. Strategy (Nasdaq: MSTR), which had dipped around 6% yesterday, was trading at $375.01 at press time, up 1.69% a day. Helmed by Michael Saylor, the company is the largest public Bitcoin treasury company. The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) had slipped as much as 10% the day before. The stock, which made it to the much-coveted spot on the S&P 500 in May, was trading at $254.31, up 4% a day. The crypto and stock trading exchange Robinhood (Nasdaq: HOOD) dipped around 8% on the day of the feud. It was trading at $76.24, up 5% a day. The story of Bitcoin miners was no different as the two men engaged in a heated public exchange over social media and press briefings on June 6. MARA Holdings (MARA) fell as much as 7% yesterday but was trading at $15.93, up 7.02% a day. Hut 8 Group (HUT) had similarly slipped by 7% the day before but rallied an impressive 14.83% to trade at $18.74. HIVE Digital (Nasdaq: HIVE) had slid around 9% yesterday and made the same recovery of 9% today to trade at $2.0042. Bitdeer (Nasdaq: BTDR) had also slipped 9% and successfully recovered by 11% to trade at $14.07 today. Notably, the stablecoin issuer Circle Internet Group (NYSE: CRCL) made an impressive debut on the day of the feud. CRCL was trading at $116.07 at press time, up 40% a day. Musk, who quit the Department of Government Efficiency (DOGE) by the end of May, has been criticizing Trump's "big, beautiful bill" since then. The disagreement escalated into an ugly public exchange the previous day that shook the markets. Stocks rally as Trump-Musk feud cools down first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store