A bill for an act relating to school district funding provisions, including reducing the foundation property tax and repealing the education savings account program, and including effective date and applicability provisions.

Iowa Senate Bill 2228, introduced by Senator Herman Quirmbach on February 5, 2026, proposes two main changes to the state's education funding system: reducing the foundation property tax and repealing the education savings account program. The bill aims to lower the property tax rate that contributes to school funding and eliminate the program that provides state funds for private school tuition. As of February 10, 2026, the bill was assigned to a subcommittee consisting of Senators Sinclair, Kraayenbrink, and Quirmbach.

Supporters of SF2228 argue that reducing the foundation property tax will alleviate the financial burden on homeowners and make funding for public schools more equitable. They also believe that repealing the education savings account program will redirect state funds to strengthen public education, ensuring that resources are allocated to benefit all students rather than subsidizing private education.

Opponents of the bill contend that eliminating the education savings account program restricts parental choice by limiting options for families seeking alternatives to public schools. They also express concern that reducing the foundation property tax could lead to decreased funding for public schools, potentially affecting the quality of education and resources available to students.