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The Act would provide $150 million of tax credits for families that choose private education for their children, as well as scholarships for low-to-middle income children to attend either a private school or a public school outside of their district, according to a press release.
The average annual tuition of a private school is $8,500 per student each year; the Act is especially concerned with families that earn a combined $60,000 or less each year.
The Act would also offer financial incentives to public schools offering enhanced opportunities such as after-school programs, and allow public school educators to claim tax credits for purchasing supplies for their students.
“This is about fairness and this is about parents choosing the school that is right for their children,” Cuomo said in a statement. “We must reward donations to support public schools, give tax credits to teachers who pay for classroom supplies out of pocket, and ease the financial burden on families who exercise choice in sending their children to a nonpublic school.”
“I am pleased to join with local leaders who support these critical issues and understand how we need to get this done.”
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