Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
Yesterday, Texas lawmakers held hearings about expanding educational choice in the Lone Star State. Perhaps the most prominent proposal was an education savings account (ESA), which would allow families to take a portion of the state funds that would have been spent on their child in their assigned district school and instead use them on private school tuition, tutoring, text books, online courses, homeschool materials, and more. Parents could roll over unused funds from year to year to save for later educational expenses, including college. Because ESAs offer spending flexibility and the ability to save–which creates an incentive to economize–they are an improvement on traditional school vouchers.
However, a Republican member of the State Board of Education, Thomas Ratliff, offered the following objection to the proposed ESAs:
“It is nothing more than a huge handout with no way to control the price tag — hardly a conservative idea,” Ratliff said.