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John C. Moritz/USA TODAY Network Austin Bureau

The two chambers have until Wednesday to reach a compromise if the state’s school finance system is to be overhauled.

AUSTIN — The school finance plan awaiting a vote in the Texas Senate on Sunday falls far short of what’s needed to fix the state’s troubled system for paying for public education, the author of the House’s version said.

But state Rep. Dan Huberty, the Houston area Republican who chairs the House Public Education Committee, said Saturday that doesn’t mean school finance overhaul is dead for the special legislative session that ends Wednesday.

“We’re prepared to do a deal, but that ain’t the deal,” Huberty told the USA Today Network about the plan pending in the Senate. “Their plan, as it stands now, isn’t going to cut it.”

The Senate version of Huberty’s House Bill 21 would pump an additional $311 million in state money into the school finance system. The version that passed the House calls for $1.8 billion more for the public schools.

Lawmakers have been grappling with how to address school finance all year. And that is a continuation of a generation-long effort to find a way to make sure the state meets its constitutional obligation to…