“FAFSA?” my buddy asked.
“It’s the Free Application for Federal Student Aid,” I replied.
“Oh, well us one percenters won’t be needing to fill out any of that,” he jokingly said.
It turns out, the joke may be on him.
Are Texas Teachers Getting the Shaft?
It was a good week for schools in the Austin area. Several school districts passed bonds and a couple made adjustments to their tax structure, known as "Golden Pennies", that will allow them to retain more of their local tax money. All the measures should help provide better facilities, staffing, and learning opportunities for the students in those districts. But while some districts found gold, many teachers and district employees across the state may still be getting the shaft.
Tax Reform Tidbits
As I mentioned earlier this week, the 401(k) deduction limits were left unchanged in the House GOP tax reform legislation that was finally released yesterday. There are MANY details to the plan and the final product will likely look different after public input and reconciliation negotiations, but here are a few highlights .