jopatura said:
How school funding currently works:
A long time ago, it was written into the Texas Constitution that ISD property taxes could only fund education.
...
Now, I don't think vouchers are inherently evil anymore, but they need to be part of a completely overhauled system. The only proposals I've seen around vouchers deal with drawing money out of the property tax system to line pockets that it was never supposed to line. Until the state pays back all the lottery money and general fund money that it's drained from the system, I have no faith they actually want to do right by education in Texas.
I was not aware there are caps in SB2 and HB3 (if I get the bill numbers correct). The House bill is scored for cost in
Fiscal Notes attached to the bill. It estimates the vouchers will cost $4.786 billion in FY 2030. The Fiscal Notes assume 50% of current private school students will take advantage of the bill year 1 and grow at a rate of 5% each year thereafter.
Vendors will make money with vouchers, as described in the Fiscal Note:
Quote:
The bill would define "certified educational assistance organization" (CEAO) and set eligibility requirements for the selection of such organizations by the Comptroller. The Comptroller could certify not more than five such organizations to support the administration of the program.
The bill would establish the procedure for a CEAO, at the direction of the Comptroller, to allocate available participant positions and to select program participants if there were more acceptable applications than available positions due to insufficient funding. Each school year, the bill would require the Comptroller to make disbursements from the program account to each CEAO to hold in trust for the benefit of participating children; such money held in trust would be deposited to each participant's account quarterly.
The Comptroller could deduct an amount from total appropriations for the program not to exceed three percent to cover the cost of administering the program. The Comptroller would disburse funds each quarter to the CEAOs to cover their cost of administering the program in an amount not to exceed five percent of fiscal year appropriations for the program. Each quarter, any interest earned on the money held by CEAOs would be remitted to the Comptroller for deposit into the program fund account.
5% of $4.786 billion is $293 million a year, paid just to hand out money. I'd donate $12 mil to the Texas governor to earn that kind of income annually. BTW, a "CEAO" is just another company that may also be masquerading as an NGO. Like a USAID deal.
Here's the Fiscal Note to HB3.
Link.
San Angelo LIVE!
https://sanangelolive.com/