5% for the 'Big Guy'
@DeAngelisCorey
In the final bill proposed to create the taxpayer-funded private school voucher scheme, the proposed legislation allows the Texas comptroller to hire at least one (1) Certified Educational Assistance Organizations (CEAO) that will hand out the voucher cash to the private schools based upon voucher-participating students managed by said CEAO. The CEAO, the 'Big Guy', gets 5% of the gross amount. The voucher bill was programmed to cost around $461 million a year in 2025. This mean's Corey's bosses, the 'Big Guy', will get a $23 million windfall the first year. In 2026, vouchers will cost $1.9 billion and Corey's bosses will get $95 million of our tax dollars. By 2028, the cost of the vouchers increase to $2.3 billion, netting Corey's bosses $115 million a year. Corey's take by year: 2025: $ 23 million 2026: $ 95 million 2027: $ 95 million (at least!) 2028: $115 million -------------------- Total GRIFT by
@DeAngelisCorey
and his bosses in 4 years? $328 million -- about 1/3 a billion bucks! That's a WINDFALL! And they are getting paid that to GIVE OUT YOUR TAX DOLLARS to rich families living in Cinco Ranch so they can send their kids to Strake Jesuit-- all on your dime! No wonder AFC Victory Fund spent $millions and $millions lying to rural Republican voters this year (about a the border crisis, not vouchers)! The text in the image is from the #TXLege Budget Board fiscal notes about HB1 (4th 88th session) here: https://capitol.texas.gov/tlodocs/884/fiscalnotes/pdf/HB00001I.pdf#navpanes=0