In this episode of "The Ascent," host Sam McGee welcomes Dr. Maggie Dominguez (Executive Director of Communications, BISD) and Garrett Wilson (Board Trustee, BISD) to discuss the complexities of Texas school funding, focusing on the "golden pennies" mechanism. The conversation covers:

How Texas school funding formulas work and the impact of property wealth on state funding.

The concept of "recapture" (Robinhood) and how affluent districts like Bernie ISD lose local tax dollars to the state.

The "golden pennies" mechanism, which allows districts to recoup some funds through voter-approved tax increases.

The difference between tax rates for building schools and paying teachers.

The importance of passing the golden pennies measure to increase teacher salaries and remain competitive.

The broader impact of teacher pay on recruitment, retention, and community health.

The challenges posed by rising costs, stagnant state funding, and increased insurance expenses.

Resources for more information, including the BISD website and general Texas VADER information.

The episode closes with a call to action for listeners to stay informed and participate in upcoming votes affecting local education.

00:00 - Introduction & Disclaimer

00:23 - About Crestmont Private Wealth

00:47 - Introducing Guests: Garrett Wilson & Dr. Maggie Dominguez

01:09 - Overview: Texas Education Funding

02:12 - Golden Pennies & School Funding Explained

03:08 - Recapture & Robinhood in Texas

04:42 - The Golden Pennies Mechanism

05:23 - Board Trustee Perspective: School Funding Basics

06:02 - Texas School Tax Rates Explained

07:22 - Comparing Tax Rates & District Growth

08:21 - Why the Golden Pennies Matter

08:58 - Teacher Salaries & Community Impact

10:30 - The Value of Investing in Teachers

11:29 - Funding Gaps & Legislative Changes

12:26 - Cost of Living, Salaries, and Funding Challenges

13:11 - Insurance Costs & Budget Pressures

14:07 - Where to Find More Information

14:28 - Closing Thoughts & Call to Action

15:07 - Outro & Thanks

Original Air Date: October 25, 2025 at 8:30am as heard on Boerne Radio 103.9FM

Contact: www.crestmontpw.com

Alec Walker in Houston: 831-280-5288

Sam McGee in Boerne: 830-368-2898

See omnystudio.com/listener for privacy information.