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Right now Gov. Kathy Hochul has a chance to open up a critical new source of financial support for local families with school-age children, at no cost to New York state.
But she’ll have to defy the teachers’ unions to accept it.
A provision in President Donald Trump’s One Big Beautiful Bill Act will soon trigger a gusher of K-12 scholarship money for students nationwide.
Starting in 2027, taxpayers will be able to reduce their federal tax bill by up to $1,700 ($3,400 for couples filing jointly) if they donate to scholarship-granting organizations that assist students from low- and middle-income families.
It’s a one-to-one credit, not a tax deduction — so every dollar contributed up to the limit comes off the donor’s federal tax bill.
Continue reading the entire piece here at the New York Post
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Ray Domanico is a senior fellow and director of education policy at the Manhattan Institute.
Photo by Will Waldron/Albany Times Union via Getty Images