SB 2 – Education Savings Accounts

SB 2 establishes an Education Savings Account program that allows parents to access to funds (their taxpayer dollars) to help pay for private or alternative education services. The program empowers families to direct their child’s education by offering funding for tuition, tutoring, materials, and more—prioritizing special needs and lower-income students. It limits the program to $1 billion for the first biennium, likely meaning only a small portion of children will have access to the ESAs over the biennium, unless funding is increased. SB 2 introduces market incentives into the education system without raising taxes, and empowers parents to make better decisions about their child’s education.