AUSTIN — Texas public school districts will face financial stresses in educating Texans to the level needed to sustain economic development, according to education officials and financial professionals at The Bond Buyer’s 16th annual Texas Public Finance Conference.

Tom Sage, a partner at Andrews Kurth LLP, said Monday that the 1,025 public school districts in the state are facing a $5.3 billion reduction in state aid to education in the 2012-2013 biennium, compounded by lagging property valuations that affect their tax base.

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