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Texas Comptroller Seeks $2.3 Billion to Fund School Choice Program

Published Sep 9, 2026
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Summary:
  • Most accepted students get $10,474 for the 2026-27 school year; up to $30,000 is available for students with disabilities; homeschoolers get $2,000, via Texas Education Freedom Accounts.
  • Comptroller Don Huffines seeks about $2.3 billion to cover a two-year period, which comes to $1.15 billion annually - $150 million more per year than the first year's $1 billion cap.
  • Nearly 110,000 families are participating this year out of about 250,000 eligible applications; the waitlist totals 106,127 students, which would cost $980 million a year to fund, plus $82 million for current participants' siblings.

What the program actually pays

Under Texas' new school choice program, most admitted students receive $10,474 for the 2026-27 school year to pay for education-related expenses, including private-school tuition. Those with disabilities may be awarded as much as $30,000, and families who homeschool are allotted $2,000. The money flows through Texas Education Freedom Accounts that families use for approved expenses.

Why the state needs more money

State Comptroller Don Huffines is seeking roughly $2.3 billion in his January appropriations request to fund the program over the next two years. Because a Texas fiscal year overlaps two school years, the request amounts to $1.15 billion per year - $150 million more each year than the program's first-year funding, which was capped at $1 billion. He said higher funding is partly needed because costs can rise when students shift from homeschooling to private school or when a student receives an Individualized Education Program that is new or revised.

The scale and the extra costs driving the request

Almost 110,000 families are participating this year, and about 250,000 eligible applications were filed, according to the comptroller's legislative request. The waitlist stands at 106,127 students. Huffines' request says funding the waitlisted students, as required by statute, would add about $980 million per year, and covering siblings of current participants would add another $82 million. "Texas is home to the longest school choice waitlist in the country, which demonstrates strong demand from parents to choose the education that's right for their children," Huffines said in a statement.

Public spending choices remind investors to review how their savings protect future goals. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.

Politics, pressure on schools, and what it means for your portfolio

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