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Legislation Document
SPONSOR:
Rep. Griffith & Sen. Paradee
Reps. Bush, Carson, Heffernan, K. Johnson; Sens. Hansen, Huxtable, Mantzavinos, Sokola
HOUSE OF REPRESENTATIVES
153rd GENERAL ASSEMBLY
HOUSE CONCURRENT RESOLUTION NO. 64
RECOGNIZING MAY 29TH AS “DE529 DAY”.
WHEREAS, as
the
State
of
Delaware
is
committed
to
competing
in
the
global
economy,
our
citizens
must
recognize
the
challenge
ahead
and
provide
their
children
with
the
education
and
skills
that
will
enable
them
to
compete
successfully;
and
WHEREAS,
the
rising
cost
of
higher
education
has
out-paced
inflation
and
the
growth
in
family
income,
all
of
which
pose
a
serious
threat
to
the
ability
of
our
citizens
to
ensure
their
children’s
access
to
post-secondary
education;
and
WHEREAS,
the
amount
of
student
loan
debt
continues
to
rise
to
historic
levels,
leaving
college
graduates
with
the
ever-increasing
burden of
paying for their
education long after
its
completion;
and
WHEREAS,
recent
research
shows
that
65%
of
parents
are
stressed
over
having
enough
money
to
help
their
children
pay
for
post-secondary
education
and
only
37%
of
American
families
have
a
dedicated
college
savings
account;
and
WHEREAS,
it
is
in
the
State’s
interest
that
access
to
post-secondary
education
for
its
children
be
maintained
and
that
encouraging
parents
to
save
for
their
children’s
education
promotes
that
public
purpose;
and
WHEREAS,
it
is
in
the
best
interest
of
our
state's
employers
to
ensure
a
well-educated
workforce;
and
WHEREAS,
government,
at
both
the
federal
and
state
levels,
needs
to
encourage
savings
versus
consumption
and
assisting
rather
than
hindering
parents,
grandparents,
friends,
and
businesses,
as
they
seek
to
support
the
education
of
children,
grandchildren,
and
others
in
need
of help
to
meet
their higher
education
goals;
and
WHEREAS,
the
Office
of
the
State
Treasurer
administers
the
DE529
Education
Savings
Plan,
a
Section
529
Qualified
State
Tuition
and
Savings
Plan
(QSTP),
through
duly
enacted
laws
passed
by
the
Delaware
General
Assembly,
for
its
citizens
as
a
recognition
of
the
value
of
higher
education
opportunity;
and
WHEREAS,
Delaware’s
“First
State,
First
Steps”
program
provides
a
$100
incentive
for
new
DE529
Education
Savings
Plan
accounts
for
young
children,
enhancing
the
accessibility
of
college
savings
for
Delaware
families;
and
WHEREAS,
Delaware
offers
a
state
tax
deduction
for
contributions
to
DE529
accounts—up
to
$1,000
for
individual
filers
with
incomes
of
$100,000
or
lower,
and
up
to
$2,000
for
joint
filers
with
incomes
of
$200,000
or
lower—
further
encouraging the
financial preparation
for future
educational
expenses.
NOW, THEREFORE:
BE IT RESOLVED by
the
House
of
Representatives
of
the
153rd
General
Assembly
of
the
State
of
Delaware,
the
Senate
concurring
therein,
that
the
State
of
Delaware
hereby
proclaims
May
29,
2025,
as
“DE529
Day”.
In
doing
so,
the
State
of
Delaware
urges
families
and
employers
throughout
the
State
to
recognize
the
benefit
of
attaining
higher
education
and
urges
the
citizens
of
Delaware
to
begin
saving
for
their
children’s
education.
SYNOPSIS
This concurrent resolution recognizes May 29th as “DE529 Day”.