Georgia Senate passes bill to create state-funded education savings accounts

Georgia Senate passes bill to create state-funded education savings accounts

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Georgia Senate passes bill to create state-funded education savings accounts

The Georgia Senate passed legislation to create state-funded education savings accounts.

Under Senate Bill 233, the Georgia Promise Scholarship Act, taxpayers would fund $6,000 per student per school year. Families could use the money to defray “qualified” education costs, such as private school tuition.

“Parents across the country are demanding more educational options in the wake of the COVID-19 pandemic,” Buzz Brockway, vice president of public policy for the Georgia Center for Opportunity, said in a statement. “Now is not the time for more lip-service or half-hearted efforts to help students reverse learning loss. Georgia families need more opportunities and they need them now.

Georgia is one of the top states for economic freedom

Georgia is one of the top states for economic freedom

Financial freedom - ATL

Georgia is one of the top states for economic freedom

Key Points

  • Georgia continues to be one of the most business friendly states. 
  • Georgia did not impose strict lockdowns during the pandemic. 
  • We believe that when the government refrains from heavy-handed intervention in the economy, everything from community life to poverty rates, job opportunities, upward mobility, and life expectancy will keep getting better.

Georgia is one of the most economically free states in the entire country, and that means more opportunity for our residents. That’s according to a new report from the Fraser Institute that tracks economic freedom in North America.

It’s clear that people across the country are realizing what a great place Georgia is to work and raise a family. According to Census.gov, Georgia is also among the top 10 most populous states in the U.S., and our population grew during the COVID-19 pandemic. We believe that our economic freedom is directly tied to this influx of new Georgia residents who moved into the state between 2021 and 2022.

The Fraser Institute report backs this statement. In the report, five out of the top 10 states for economic freedom are also in the top 10 list for population growth. Conversely, virtually all the states (roughly 17) losing population over the last few years are among the worst states in the nation for economic freedom.

“The truth is, the economic results Georgia has enjoyed over the past few years translate into our people’s wellbeing.”

“The truth is, the economic results Georgia has enjoyed over the past few years translate into our people’s wellbeing.”

A closer look at Georgia’s economic freedoms

Relative to other states in the U.S., Georgia has a low tax burden. This includes income tax and business taxes. Georgia also has a relatively low regulation on businesses and sole proprietors. 

Georgia’s economic freedoms were already in place before the COVID-19 pandemic, but they became more apparent during the 2020 lockdowns. The Fraser Institute’s study covered the first five months of COVID restrictions in North America, and it showed that many of Georgia’s economic improvements were the direct result of the lack of tight restrictions in our state. 

During 2020, Georgia didn’t impose widespread lockdowns or restrictions. We lifted those restrictions as quickly and reasonably as we could, given the situation. Without the burden of long-term, severe economic restrictions and COVID-related mandates, we gave people and businesses room to grow. 

 

The good life, with room to grow

The truth is, the economic results Georgia has enjoyed over the past few years translate into our people’s wellbeing. Our economic freedoms here directly impact the daily lives of people from all backgrounds. By virtue of the state government’s low level of intervention, our communities are positioned to continually improve over time. 

While economic freedom may not be experienced the same way by all (because the poor in a free state may not — and likely do not — feel very free), economic freedom generally means that even the poor benefit. That’s because, in free economies, there’s more charitable giving, more organizations who can help, and more job opportunities to help someone escape poverty for good.

Here at Georgia Center for Opportunity, we believe that when the government refrains from heavy-handed intervention in the economy, everything from community life to poverty rates, job opportunities, upward mobility, and life expectancy will keep getting better. We’ll draw people here who want to share in and enjoy those economic opportunities. And together, we can continue working toward creating a brighter future for our state and the people who live here.

Promise Scholarships pass in the Senate and head to the House

Promise Scholarships pass in the Senate and head to the House

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Promise Scholarships pass in the Senate and head to the House

🚨Breaking News: Promise Scholarships pass in the Senate and head to the House

Promise Scholarships would give parents $6,000 per student per year to find the right education option for their kids.

Georgia Center for Opportunity’s (GCO) take: “Parents across the country are demanding more educational options in the wake of the COVID-19 pandemic. Now is not the time for more lip-service or half-hearted efforts to help students reverse learning loss,” said Buzz Brockway, vice president of public policy for GCO. “Georgia families need more opportunities and they need them now. Promise Scholarships would empower students to excel in their education. With S.B. 233 now headed to the House, we encourage lawmakers in that chamber to do right by Georgia families and make Promise Scholarships a reality. It’s well past time and we can’t afford to delay any longer.”

 

SB233 Passes Senate

 

 

 

 

 

 

Learn more about education in Georgia for Every Kid. Click here.

SB233 Passes Senate

Learn more about education in Georgia for Every Kid. Click here.

Georgia Senate passes bill to create state-funded education savings accounts

‘School choice’ legislation is sweeping the nation. Here are the states where it’s been introduced

In The News

‘School choice’ legislation is sweeping the nation. Here are the states where it’s been introduced

This year, there has been a spate of bills introduced around the country that would expand school choice programs following Arizona’s passage of universal school choice last year. 
Last week, Georgia’s Senate Education Committee voted to pass education savings account legislation that would provide $6,000 for students to use every school year for tuition or other education-related costs, according to The Center Square.

Senate Bill 233 passed by a 6-5 vote last week. School choice advocates and critics were vocal about the effects that the bill could have on the state’s education system.

“Public education is the right choice for most families, but for a growing minority of students, an alternative is what’s best,” Buzz Brockway, vice president of public policy for the Georgia Center for Opportunity, said in a statement according to The Center Square. “We can, and should, support all options.”

“We must fund our public schools first and not continue to take resources away from our children whose only chance at a public education is in our public schools,” Lisa Morgan, a kindergarten teacher and Georgia Association of Educators president, told the committee. “Their only chance for an education is in our public schools.”

Georgia Senate passes bill to create state-funded education savings accounts

Georgia Senate committee advances education savings accounts bill

In The News

Georgia Senate committee advances education savings accounts bill

The Senate Education Committee voted to advance legislation creating state-funded education savings accounts.

The committee voted 6-5 Tuesday afternoon in favor of Senate Bill 233, the Georgia Promise Scholarship Act.

“Too many times, education access in Georgia is limited to families of means, but every child deserves access to a quality education,” Buzz Brockway, vice president of public policy for the Georgia Center for Opportunity, said in a statement. “Promise Scholarships would help create this opportunity.”

“Public education is the right choice for most families, but for a growing minority of students, an alternative is what’s best,” Brockway added. “We can, and should, support all options.”