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Senator presents universal educational savings account plan; committee delays action

2315878 · February 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senator Michelle Axman outlined a tiered educational savings account (ESA) proposal that would grant $1,000 to all public school students and higher amounts to nonpublic and homeschool students. The Appropriations committee did not take action and asked for further review of costs and implementation.

Senator Michelle Axman presented Senate Bill 2400 to the Appropriations - Education and Environment Division, describing a three‑tier educational savings account framework she said is intended to be “universal” for public school students while providing larger, means‑tested stipends for nonpublic and home‑educated students.

Key elements Axman described Axman said the bill would establish a Department of Public Instruction‑administered marketplace (digital wallet) and a three‑tier structure: $1,000 per public school student in Tier 1; a tiered set of higher amounts for students using participating nonpublic schools (ranging by income level, with the bill text that committee saw setting top…

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