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Lawmakers and program managers review Education Tax Credit program and EFA operations, accountability and projected costs
Summary
At a Finance Division I work session, managers of the Education Tax Credit scholarship and the Education Freedom Account described program mechanics, compliance checks and fiscal implications should EFA eligibility expand statewide.
Committee members spent an extended work-session segment reviewing two school-choice related programs: the private-sector Education Tax Credit (ETC) scholarship program administered by the Children's Scholarship Fund and the state's Education Freedom Account (EFA) program. Presenters described program mechanics, accountability steps and projected fiscal consequences of wider EFA eligibility.
Children's Scholarship Fund officials said the ETC, passed in 2012, has stabilized at roughly $2 million to $3 million in private donations annually. Those donations provide scholarships for low-income students who change from public to nonpublic schools; donors (roughly 90% businesses) receive state tax credits. The nonprofit said it prioritizes renewals for returning scholarship recipients, then awards new scholarships from any remaining funds. The organization reported it can support returning students and that roughly 25% of ETC recipients are homeschool families.
State EFA operators described the…
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