Here’s what Iowa’s private school tuition bill does

Kim Reynolds to establish taxpayer-funded educational savings accounts, which Iowa families could use to pay for private school tuition and other related expenses.The proposal would create taxpayer-funded educational savings accounts, valued at $7,598 in the first year — the amount the state spends per pupil on public K-12 education — that families could use for private school tuition and other education expenses.In the third year, all K-12 students — including private school students — would be eligible for the funding, with no income restrictions.Public schools would lose out on the per-pupil funding for any students who chooses to attend a private school.

School districts, though, would get roughly $1,200 in state funding for each student who lives in the district but attends a private school, regardless of whether the student is a recent transfer or has always attended private school.But for districts with declining enrollment who lose a student to private school, it would be a net loss of $6,385 per student.