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Yahoo
24-04-2025
- Politics
- Yahoo
Ahead of key Supreme Court arguments, here's which states have passed school choice measures
The U.S. Supreme Court will consider the establishment of the nation's first religious charter school next week, a case that could have key implications for school choice across the country. A huge majority of states have implemented some form of school choice in recent years, but only a little more than a dozen have adopted programs that make private school choice universally available to K-12 students. Here is the full list and a timeline of the school choice movement in recent years. Tennessee Ag Optimistic About Scotus Case After 'Radical Gender Ideology' Reversal In Lower Court Alabama passed its CHOOSE Act in 2024, which establishes an education savings account (ESA) that will soon be open to all families in the state. Arizona became the first state to offer universal school choice for all families in 2022, launching an $800 million program that gives parents $7,000 to put toward their children's tuition. Read On The Fox News App Arkansas's S.B. 294 established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. Florida's H.B. 1, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. Idaho launched its first private school choice program through a refundable tax credit. Families can receive up to $5,000 per child for private educational expenses, with $7,500 available for students with disabilities. The program is capped at $50 million annually and prioritizes families earning up to 300% of the federal poverty level (about $96,450 for a family of four). Supreme Court To Decide If Families Can Opt Out Of Reading Lgbtq Books In The Classroom Iowa's H.F. 68, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. The Indiana Choice Scholarship Program grants a voucher to qualifying K-12 students that they can put toward private school tuition. In order to qualify, students must be residents of Indiana and a member of a household that makes an "annual income of not more than 400% of the amount to qualify for the federal free and reduced price lunch program." Montana has two major school choice programs, but only one of them is universally available. The more restricted program is a standard ESA, but students must have special needs or have some other form of disability in order to qualify. The more expansive program is a statewide tax credit scholarship program that "allows individuals and corporations to claim a 100% tax credit for contributions to approved Student Scholarship Organizations," according to EdChoice. The average scholarship value for participating students is $2,190. North Carolina has a major voucher program that is available to all students across the state, but is limited by a budget cap. Qualifying students will get an average voucher value of $5,701 to put toward private school tuition costs, transportation, equipment or other costs associated with attending school. After baseline qualifications are met, vouchers are granted based on household income. Ohio's school choice program awards $6,166 for grades K–8 and $8,408 for grades 9-12 to qualifying students. Students must meet one of a series of qualifications in order to receive the award, and parents must submit their income information. Like Montana, Oklahoma employs a tax credit system to allow for school choice in the state. "The Oklahoma Parental Choice Tax Credit provides parents of students in private school with a refundable tax credit ranging from a minimum of $5,000 up to a maximum of $7,500 per child to cover the cost of private school tuition and fees, or it provides parents of students in home school a refundable tax credit of $1,000 to cover the cost of unbundled educational expenses," according to EdChoice. Tennessee passed the Education Freedom Act of 2025, creating a universal ESA program. Families receive $7,000 per student, which must first be used for tuition but can also cover other educational expenses. The program starts with 20,000 scholarships, with half reserved for students from families earning up to 300% of the free and reduced-price lunch threshold and students with disabilities. If at least 75% of scholarships are awarded, the cap will rise to 25,000 students in 2026. Utah's H.B. 215, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. West Virginia employs an ESA program to allow universal school choice for private schools, and it also has "intra-district and inter-district public school choice via open enrollment," according to EdChoice. The ESA program grants an average of $4,299 toward private school tuition costs. Wyoming passed HB 199 in 2025, expanding its ESA program by removing income restrictions and making it fully universal starting in 2025-26. Renamed the Steamboat Legacy Scholarship, the program will provide families with $7,000 and be funded through a $30 million appropriation. Participating students must be assessed on academic article source: Ahead of key Supreme Court arguments, here's which states have passed school choice measures
Fox News
24-04-2025
- Politics
- Fox News
Ahead of key Supreme Court arguments, here's which states have passed school choice measures
The U.S. Supreme Court will consider the establishment of the nation's first religious charter school next week, a case that could have key implications for school choice across the country. A huge majority of states have implemented some form of school choice in recent years, but only a little more than a dozen have adopted programs that make private school choice universally available to K-12 students. Here is the full list and a timeline of the school choice movement in recent years. Alabama passed its CHOOSE Act in 2024, which establishes an education savings account (ESA) that will soon be open to all families in the state. Arizona became the first state to offer universal school choice for all families in 2022, launching an $800 million program that gives parents $7,000 to put toward their children's tuition. Arkansas's S.B. 294 established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. Florida's H.B. 1, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. Idaho launched its first private school choice program through a refundable tax credit. Families can receive up to $5,000 per child for private educational expenses, with $7,500 available for students with disabilities. The program is capped at $50 million annually and prioritizes families earning up to 300% of the federal poverty level (about $96,450 for a family of four). Iowa's H.F. 68, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. The Indiana Choice Scholarship Program grants a voucher to qualifying K-12 students that they can put toward private school tuition. In order to qualify, students must be residents of Indiana and a member of a household that makes an "annual income of not more than 400% of the amount to qualify for the federal free and reduced price lunch program." Montana has two major school choice programs, but only one of them is universally available. The more restricted program is a standard ESA, but students must have special needs or have some other form of disability in order to qualify. The more expansive program is a statewide tax credit scholarship program that "allows individuals and corporations to claim a 100% tax credit for contributions to approved Student Scholarship Organizations," according to EdChoice. The average scholarship value for participating students is $2,190. North Carolina has a major voucher program that is available to all students across the state, but is limited by a budget cap. Qualifying students will get an average voucher value of $5,701 to put toward private school tuition costs, transportation, equipment or other costs associated with attending school. After baseline qualifications are met, vouchers are granted based on household income. Ohio's school choice program awards $6,166 for grades K–8 and $8,408 for grades 9-12 to qualifying students. Students must meet one of a series of qualifications in order to receive the award, and parents must submit their income information. Like Montana, Oklahoma employs a tax credit system to allow for school choice in the state. "The Oklahoma Parental Choice Tax Credit provides parents of students in private school with a refundable tax credit ranging from a minimum of $5,000 up to a maximum of $7,500 per child to cover the cost of private school tuition and fees, or it provides parents of students in home school a refundable tax credit of $1,000 to cover the cost of unbundled educational expenses," according to EdChoice. Tennessee passed the Education Freedom Act of 2025, creating a universal ESA program. Families receive $7,000 per student, which must first be used for tuition but can also cover other educational expenses. The program starts with 20,000 scholarships, with half reserved for students from families earning up to 300% of the free and reduced-price lunch threshold and students with disabilities. If at least 75% of scholarships are awarded, the cap will rise to 25,000 students in 2026. Utah's H.B. 215, passed in 2023, established choice programs open to all students, regardless of income or disability status. The accounts allow families to spend state money not just on tuition but also on other approved expenses, such as tutoring, online courses and instructional materials. West Virginia employs an ESA program to allow universal school choice for private schools, and it also has "intra-district and inter-district public school choice via open enrollment," according to EdChoice. The ESA program grants an average of $4,299 toward private school tuition costs. Wyoming passed HB 199 in 2025, expanding its ESA program by removing income restrictions and making it fully universal starting in 2025-26. Renamed the Steamboat Legacy Scholarship, the program will provide families with $7,000 and be funded through a $30 million appropriation. Participating students must be assessed on academic progress.
Yahoo
07-02-2025
- Business
- Yahoo
State Bank of India (SBKFF) Q3 2025 Earnings Call Highlights: Robust Profit Growth Amidst ...
Net Profit: INR16,891 crores, up 84% year-on-year. Whole Bank Credit Growth: 13.49% year-on-year. Domestic Credit Growth: 14.06% year-on-year. CD Ratio: 68.94%. Slippage Ratio: 0.39%. Retail Personal Slippage Ratio: 0.32%. Credit Cost: 0.24%. PCR (Provision Coverage Ratio): 74.66%. Total Deposits Growth: 9.81% year-on-year to INR52.29 trillion. Term Deposits Growth: 13.47% year-on-year. Current Account Deposits Growth: 14.22% year-on-year. CASA Growth: 4.46% year-on-year with a CASA ratio of 39.2%. Domestic Advances Growth: 14.06% year-on-year. SME Growth: Over 18%. Agriculture Growth: 15%. Corporate Growth: 15%. Retail Personal Segment Growth: 11.6%. Foreign Offices Advances Growth: 10.35% year-on-year. Net NPA Ratio: Improved by 11 basis points year-on-year to 0.53%. Capital Adequacy Ratio (CAR): 13.03% without considering clawback of profits; 14.5% including profits for nine months. CET1 Ratio: 10.99% including profits for nine months. ROA (Return on Assets): Greater than 1%. ROE (Return on Equity): Greater than 20%. Total Assets: INR66.1 lakh crores. Total Advances: INR40.68 lakh crores. Total Deposits: INR52.29 lakh crores. Warning! GuruFocus has detected 1 Warning Sign with SBKFF. Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. State Bank of India (SBKFF) reported a significant year-on-year net profit increase of 84% for Q3 FY25, reaching INR16,891 crores. The bank maintained a strong asset quality with a slippage ratio of 0.39% and a credit cost of 0.24%, indicating robust risk management. Domestic credit growth was strong at 14.06% year-on-year, with notable growth in SME (18%), agriculture (15%), and corporate (15%) segments. The bank's digital banking platform, YONO, saw substantial engagement, with over 8.5 crore customers registered and 64% of regular savings accounts opened through it in Q3 FY25. State Bank of India (SBKFF) achieved a healthy capital adequacy ratio of 13.03%, which would increase to 14.5% when including profits for nine months, indicating a strong capital position. Operating profit decreased significantly from INR29,294 crore in the previous quarter to INR23,551 crore, primarily due to trading losses and Forex losses. The bank's margins dropped by 13 basis points sequentially, driven by increased cost of deposits and lower treasury gains. There was a slowdown in the growth of express credit, with GNPAs in this segment increasing from 0.77% in March '24 to 1.11% as of Q3 FY25. The SMA-2 numbers increased substantially to INR7,424 crores from INR1,840 crores, although this was attributed to one major account that has since been regularized. The bank's cost of resources increased, impacting margins, and there is a concern about maintaining deposit growth without engaging in a rate war. Q: The operating profit has decreased significantly from INR29,294 crore to INR23,551 crore due to trading losses and Forex loss. What are the plans to recover this in the next quarter? A: Challa Setty, Managing Director, explained that the decrease was due to MTM losses and increased cost of resources. The bank is focusing on increasing high-quality savings accounts and expects to maintain the credit growth guidance of 14%-16% and deposit growth of 10%. Q: With the recent budget changes increasing MSME limits, do you see growth opportunities in this sector? A: Vinay Tonse, Managing Director, noted that the changes will benefit the bank as some mid-corporates will now qualify as MSMEs, potentially increasing priority sector lending benefits. The bank has revamped its SME funding process to improve turnaround times. Q: Margins have dropped by 13 basis points sequentially. What is causing this, and where do you see the cost of deposits stabilizing? A: Challa Setty stated that the yield on advances has been maintained, but the cost of resources, particularly deposits, has increased. The bank aims to keep NIM above 3% and is focusing on qualitative advances growth. Q: There is a slowdown in express credit growth. Is this due to overleveraging concerns? A: Challa Setty clarified that the slowdown is due to a shift to digital lending processes and a general softening in unsecured credit. The bank expects express credit growth to return to double digits soon. Q: What is the bank's approach towards AI and digital transformation? A: Challa Setty highlighted that SBI is focusing on enterprise-level AI with use cases in personalization, staff learning, and risk management. The bank has launched "Ask SBI" for staff to improve customer service and is working on a broader AI roadmap. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
31-01-2025
- Politics
- Yahoo
Legislature day 9: Votes on public unions and transgender student housing expected
SALT LAKE CITY (ABC4) — As the second week of the legislature comes to a close, two major bills regarding unions and transgender housing will be coming to a head in the Senate chambers. Here are votes, hearings, and bills you should probably watch for today. With voting sessions set to begin at 11 a.m. today, there are two bills we are watching as they enter the Senate. The first is H.B. 269, which passed through committee early Thursday afternoon and is expected to be debated on the Senates 2nd reading calendar. The second is H.B. 267, the controversial labor union bill seeking to do away with collective bargaining for public workers in Utah. After passing its second reading yesterday, the bill is expected to be given a final vote sometime during todays voting session. Senator Kirk Cullimore (R- District 19), the bills Senate sponsor, revealed yesterday during a press conference that a compromise has been made on the bill. It will now allow for collective bargaining only if 50% of those employed by the public employer voted to be represented by collective bargaining. With this change, if the bill passes its final vote in the Senate it will need to go back to the House for a final vote before being sent to the governor for approval. Friday afternoon is set to be jam-packed as several legislative, appropriations, and audit hearings have been scheduled ranging across several topics. Here are ones that we are watching. Starting the day at 8 a.m. is the Natural Resources, Agriculture, and Environmental Quality Appropriations Subcommittee. The committee is set to hear several presentations related to environmental condition, including air quality, dust, waste water, and radiation control. The next hearing we are watching is the House Education Committee. Set to begin at 2 p.m., three bills will be discussed that affect stipends for student teachers, reinvestment in higher education, and revises sex educational rules and grant parents more say in the mental health programs in schools. The House Health and Human Services Committee is next with two bills of note being discussed today. The first is H.B. 84, which would designate food that contains vaccine or vaccine materials as a drug. The second is H.B. 294 — or Infectious Disease Procedures Amendments — which would prohibit 'place[s] of public accommodation or enterprise regulated by the state' from require individuals to wear face mask as a condition to them entering said space. Next up is the Senate Judiciary, Law Enforcement, and Criminal Justice Committee. Two bills in particular catch the eye that will be heard from today. The first is S.B. 155, which seeks to move certain offensives off the lifetime sex offender list, and require a period of 10 years on the registry. The second is H.B. 22, which clarifies that children can not be prosecuted for sexual solicitation or prostitution, and separates existing offenses into separate ones depending on the age of those involved. Within the Senate Natural Resources, Agriculture, and Environment Committee. We are watching S.B. 187, which is a bill to address the procurement of critical minerals in the state. Finally, with the Senate Transportation, Public Utilities, Energy, and Technology Committee, we are watching a bill that would add incentives to building Wind and Solar farms. Later in the afternoon at 4 p.m., the Legislative Audit Subcommittee will be hearing an audit of the performance of the attorney general in this last year, with responses given by current Attorney General Derek Brown. For more coverage of the 2025 General Session, be sure to visit Inside Utah Politics for more updates and legislative news! Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
