Senate Bill 193 would establish a statewide Education Freedom Savings Account program, where a parent or guardian signs a contract with an independent scholarship organization to receive a voucher of up to 90% of the state adequacy funding per pupil (about $3,600 plus differentiated aid).
If passed, the program is expected to cost the state between $38 million to $76 million in additional state funding, plus any costs to local districts. There are a number of financial, administrative, operational, and academic concerns with the bill laid out in the brief below.
SB 193 passed the Senate and was retained in the House Education Committee.
Click on the brief below to download the PDF.
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