The governor should say yes to a program that would provide donated education money for Illinois families.
By Lilly Rossi | Illinois Policy Institute
A billion dollars for Illinois students is on the line.
Gov. J.B. Pritzker can opt into a new program and allow Illinois families and students access to almost that much in donated education money.
Or he can watch the money flow to other states.
A new program allows donors to take a tax credit of up to $1,700 for qualified donations. If just 30% of filers in Illinois took the full credit, the state could gain nearly $1 billion a year in new education resources to be used for millions of students.
The money would help students afford a tutor, attend ACT or SAT prep sessions, pay tuition or fees, get special education services or assist with other academic needs.
Starting next year, any taxpayer can get the credit for a qualified contribution up to $1,700 to a scholarship-granting organization.
The only cost of the program is minimal foregone income tax revenue to the federal government. There is no cost to participating states, only the benefit of more help flowing directly to students.
A number of taxpayer-participation scenarios show that “even modest taxpayer engagement could translate into significant resources,” according to an analysis from Education Reform Now. Based on an estimated participation rate of taxpayers eligible to receive the full $1,700 tax credit in Illinois, students in the state could see as much as $1 billion.
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Vote pandering Gov Toilets most likely will opt OUT as demanded by the CTU………….. I think.