New education dollars are on the table. Will governors take them |
Would you refuse hundreds of millions of dollars annually for K-12 education at no cost to your state budget?
That is a decision each of the nation’s 50 governors, who meet in Washington this week, must make this year in response to the first nationwide school choice program enacted last summer.
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Included in the new law is a 100% tax credit against federal individual income taxes for donations up to $1,700 annually to not-for-profit scholarship-granting organizations. SGOs then award charitably funded scholarships to students who attend public or non-public schools for use in K-12 education.
This federal tax credit scholarship law also contains a provision that requires each state’s governor to decide whether the law can take effect in their respective states, beginning in fiscal 2027. Specifically, they will decide whether their state’s school children will be allowed to benefit from the scholarships. More........