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The 80th Texas Legislature increased the state contribution rate to the Teacher Retirement System of Texas from 6.0% to 6.58% of employee payroll. This, coupled with investment returns of 14.4% in 2007, yielded an actuarial valuation that allowed the pension trust fund to pay the supplemental payment and still have a funding period under 31 years.
How could it be that teachers, who earn an average annual income of $61,690 according to the U.S. Bureau of Labor Statistics, take the third spot, while physicians don’t even rank in the top ...
Texas is one of only 7 states not to have a state income tax. [22] [23] The state sales tax rate, 6.25%, is above the national medium, with localities adding up to 2% (8.25% total). [24] Texas does have a "back to school" sales tax holiday once a year (generally around the first weekend in August) on clothing and footwear under $100. [25]
TSTA originated in Mexia in June 1880, when the North Texas Teachers Association and Austin Teachers Association combined. Among its many achievements: minimum foundation laws that set statewide teacher salaries; creation of the Teacher Retirement System of Texas; certification laws; bills to establish maintenance and operation funds for schools; and thousands of other important bills.
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How a fight over vouchers could affect raises for teachers.
Through fiscal year 2010, the Census Bureau produced the annual Consolidated Federal Funds Report, tracking Federal expenditures both geographically and by agency and program. As of 2011, funding for the Federal Financial Statistics program, of which the CFFR was part, was cut from the Federal budget.
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