House Bill 1 would make an educational savings account program available to 25,000 Texas students in its first year, with increased participation to follow.
The bill from Rep., R-Killeen, would give parents 75% of the state’s basic allotment per student, which is currently $6,160 and has not increased since 2019.
For the first year of Buckley’s educational savings account program, only 25,000 Texas students would be eligible in the 2024-25 school year. That number would increase by 25,000 students each successive year, until 2027 when the cap would be removed. Supporters of school voucher programs say public schools are not meeting the educational needs of some students. They say the state needs to step in to provide financial assistance to parents who want to pursue private and home schooling.
HB 1 signals the beginning of negotiations between the two chambers on the subject, which remains a daunting task given theAs recently as last week, some House members said they planned to oppose legislation to create educational savings accounts, even if it comes at the cost of not sending more money to public schools or raising teacher salaries, another priority of public education advocates.
Currently, if a district wants to host an aspiring teacher through a residency, it must come up with the money on its own to pay for that person’s salary. Under the bill, districts would receive between $22,000 and $42,000 to pay each teacher in the residency. This program is a response to the recommendations of a task force formed last year by Abbott after the pandemic exacerbated Texas’ teacher shortage.
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