Introduction to Education Savings Accounts
Texas Gov. Greg Abbott is set to sign a $1 billion Education Savings Accounts bill into law. The bill, known as Senate Bill 2, allows parents to use state tax dollars toward costs associated with educating their children outside of the state’s public school system. This legislation is the culmination of a years-long effort from top Texas Republicans and the governor.
What the Bill Entails
The bill creates Education Savings Accounts (ESAs), which will be initially funded at $1 billion. This program will allow parents to receive around $10,000, or 85% of what the state gives students per year, on average, to put toward private school tuition. Students with special needs will be able to use up to $30,000 in state funds, while families who homeschool their children can receive $2,000 to be used on approved expenses.
Eligibility for Education Savings Accounts
The eligibility for ESAs will be based on a four-tiered system. The first tier will prioritize students with disabilities from families earning below a certain income threshold. The second tier will include families making at or below $62,400 for a family of four. The third tier will consist of higher-income families, and the fourth tier will be available to any family, regardless of income.
Reactions to the Bill
Supporters of the bill, including Rep. Brad Buckley, argue that it prioritizes students who need the most options. However, detractors, such as House Democratic Caucus Chair Rep. Gene Wu, worry that the program diverts much-needed funds from Texas’ public schools and doesn’t include enough academic accountability measures. Some advocacy groups, like The LIBRE Initiative, have lobbied heavily in support of the bill, while others, like the Texas American Federation of Teachers, have called it an attack on public schools.
Advocacy Groups Weigh In
The LIBRE Initiative, a group that aims to advance policies that help Hispanics in Texas, has been pushing to expand school choice to Hispanic families. Their strategic director, Jorge Martinez, believes that the ESA program will give families the ability to find the best education for their children. On the other hand, the Texas American Federation of Teachers has held rallies against the bill, with President Zeph Capo calling it an attack on public schools and part of an effort to dismantle the public school system.
Implementation of the Program
After Abbott signs Senate Bill 2 into law, it will take some time for the program to get up and running. The Texas Comptroller must create the Education Savings Account program, and the plan is for Texas parents to be able to apply for ESA funds by the 2026-27 school year.
Conclusion
The signing of Senate Bill 2 into law marks a significant change in the education landscape in Texas. While supporters argue that it gives parents more choices and opportunities for their children, detractors worry about the impact on public schools. As the program is implemented, it will be important to monitor its effects and ensure that it is serving the needs of all students in Texas.
