The Permanent School Fund in Texas is mainly funded through a tax on oil and natural gas, originating from the sale of western lands. Public lands, particularly oil and gas resources, play a vital role in supporting education in the state.
The Permanent School Fund (PSF) in Texas is primarily funded through a tax on oil and natural gas. This fund was initiated with contributions from the sale of western lands in 1850 and continues to receive revenue from land sales and resources. Public lands, especially oil, gas, and mineral resources, play a significant role in funding education in Texas.
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