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Education Freedom Accounts grow toward $30M; phase‑out grant expires July 1, 2026, DOE says
Summary
Department of Education staff told the committee that Education Freedom Accounts (EFAs) have grown from roughly 1,635 students in year one to an estimated 5,852 this year and that the state’s phase‑out grant, which cushions districts when students leave for EFAs, ends on July 1, 2026.
Department of Education staff reviewed the operational mechanics, scope and fiscal impacts of Education Freedom Accounts (EFAs), the statewide scholarship‑style program that routes funds to scholarship organizations which then distribute digital‑wallet assistance to participating families.
Mark Manganiello described how the EFA payments follow the adequacy components (base adequacy, F&R, special education and ELL differentials) but are paid in the current fiscal year to a scholarship organization that may retain up to 10% for administration before placing the remainder in a family’s digital wallet. Staff cited per‑pupil rates used…
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