DALLAS — The Texas Senate’s proposed $158.7 billion spending plan for fiscal 2012 and 2013 is 15% lower than the current $187.5 billion budget but $2.3 billion more than the House’s two-year budget proposal.

Direct aid to local school districts of $33.3 billion is $9.3 billion less than needed to fund current school finance formulas but $500 million more than in the House budget.

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