Texas Senate Education Committee Approves $200 Million Education Savings Account Creation
With a 7-3 bipartisan vote, the Texas Senate Education Committee has approved SB 1968, authored by Senator Paul Bettencourt (R-Houston) which creates a $200 million education savings account program to financially assist low-income families with private school tuition and fees, the purchasing of textbooks or other instructional materials, private tutoring, and education therapies. The funding for this program will come from both tax credit incentivized donations as well as appropriated funds.
Statement from Texas Federation for Children State Director, Mandy Drogin:
“Texas Federation for Children applauds the Texas Senate Education Committee for their commitment to assisting low-incoming families with the means to creating a better future for their children. For many struggling families, education is the only path to breaking an endless cycle of poverty. Senator Bettencourt’s work to establish these accounts is a critical step in our fight to expand educational choice for Texas children and TFC calls on the legislature to formally pass the important legislation.”