The Lone Star State ranks 19th in the U.S. for its teaching environment. Educational First Steps/Facebook

If Texas were a student, it would earn a mediocre grade when it comes to the state's atmosphere for schoolteachers. In a new study from personal finance website WalletHub, Texas ranks 19th for its teaching environment compared with the 49 other states and the District of Columbia.

While Texas earns good marks for teacher salaries, the rest of the state's grades for teachers are below average, according to WalletHub. In all, WalletHub studied 22 metrics to come up with its report card.

Texas ranks second for the average starting salary for teachers and 13th for the average salary for teachers. However, both data points adjusted for cost of living in Texas. The state also ranked 13th for the 10-year change in teachers' salaries, WalletHub says. Texas doesn't fare nearly as well in WalletHub's other measurements, though:

  • No. 29 for pupil-teacher ratio.
  • No. 30 for teacher safety.
  • No. 32 for fewest teachers per student projected for 2026.
  • No. 36 for school quality.
  • No. 36 for per-student spending in public schools. According to the National Education Association (NEA), per-student funding in Texas is $2,300 less than the national average.
  • No. 37 for teachers' potential for income growth.

A recent survey by the Texas State Teachers Association backs up the notion that the state's teachers aren't in the same class as their counterparts in places like New York, Connecticut, Minnesota, and Illinois, which were graded by WalletHub as the best states for teachers.

For instance, the Texas survey indicates that about four of every 10 teachers expect to take jobs outside the classroom to make ends meet during the academic year. In addition, the typical teacher in the survey reported spending an average of $738 a year on school supplies out of his or her own pocket.

According to the survey, moonlighting teachers in Texas average 14.1 hours a week at their extra jobs. That's on top of the 17 hours a week they spend outside the classroom on school-related work.

The Austin-based Texas State Teachers Association, an affiliate of the NEA, says the average salary of teachers in the survey was $53,221, which is $7,300 below the national average. According to the NEA, Texas ranks 29th for teacher pay.

Noel Candelaria, president of the Texas association, pins the blame for the plight of Texas teachers on Gov. Greg Abbott, Lt. Gov. Dan Patrick, and their legislative allies. He says they've failed to properly finance public education.

"Our teachers … remain dedicated to their students' success, even if it means spending evenings and weekends at extra jobs away from their families," Candelaria says in a release. "It's time for our elected officials at the state Capitol to demonstrate the same kind of dedication to our children by providing the necessary resources."

In August, Abbott said he wants to boost pay for the state's best teachers, putting them on a path toward earning more than $100,000 a year — without a hike in property taxes.

"Teaching is a calling; it would be hard to do otherwise," Abbott said. "But I want to ensure that teaching in Texas also becomes a profession, where we are able to attract the very best and keep the very best."

"We can and we must do more to improve education in Texas," the governor said. "As we approach this next legislative session [in 2019], one of my top goals is to improve education by investing more in our teachers and students."

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This story originally appeared on CultureMap.

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Houston startup raises $6M to scale home-based healthcare platform

fresh funding

As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.