Delaware House Bill HCR47

Delaware 2023-2024 Regular Session

• Introduced: 5/17/23
• Engrossed: 5/17/23

Caption

Recognizing May 29th As De529 Day.

Impact

The resolution does not change existing laws but calls on the citizens and employers of Delaware to support savings efforts for education. This initiative aims to combat the rising costs of higher education, which have been increasing faster than inflation and family incomes. The goal is to enhance public awareness about the benefits of educational savings accounts and the importance of financial preparedness for future education costs.

Summary

HCR47 is a House Concurrent Resolution that recognizes May 29th as DE529 Day in the State of Delaware. The resolution aims to highlight and promote the importance of saving for higher education through the state's Section 529 Qualified State Tuition and Savings Plans (QSTP). The sponsors, Rep. Griffith and Sen. Paradee, emphasize the need for families to be proactive in helping children save for post-secondary education to prepare them for future success in a competitive global economy.

Sentiment

The general sentiment surrounding HCR47 is positive, as it encourages community engagement in educational savings while recognizing the financial burdens faced by families. Legislators emphasized supporting rather than hindering families in their educational endeavors. The resolution is seen as a step toward building a well-educated workforce, which is viewed as beneficial for the state's economic health.

Contention

While there is broad support for the principles behind HCR47, some concern exists regarding the financial feasibility for families in the context of rising education costs. The tension lies in the need for systemic changes to alleviate student debt burdens and ensure that the measures in place effectively provide assistance to all families, especially those facing economic hardships.