NATURAL GAS FUNDS OUR SCHOOLS, ROADS AND EMERGENCY SERVICES
In 2018 alone, revenue from oil and natural gas provided the equivalent of $38 million a day in funding for education, roads, universities and emergency services.
Texas school districts received $1.24 billion in funding from oil and natural gas, pipeline and gas utilities property taxes. Contributions from oil and natural gas has made the Permanent University Fund, which funds higher education in Texas, the largest education endowment in the nation at $44 billion. Tax revenue from oil and natural gas helps make college more affordable for Texans. Recently, a $160 million endowment created from the Permanent Education Fund was established to completely cover tuition and fees at the University of Texas for in-state students from a household making up to $65,000.
Tax revenue from oil and natural gas go to funding our schools, roads and the emergency services that keep our families safe.