Central Pennsylvania Scholarship Fund
  • Home
  • Federal Program
  • School Participation
  • Supported Schools
  • Job Opening
  • EITC News
  • Special Purpose Entity
  • Donor Process
  • Eligibility for Special Donor Cases
  • Frequently Asked Questions
  • Blog Topics
  • YouTube
  • Simple Tuition Solutions
  • OUR TEAM
  • Contact Us
  • Harry

EITC NEWS

Pennsylvania EITC tax credit saves taxpayer money in new study

12/11/2016

7 Comments

 
Picture
In Pennsylvania, tax credit scholarships do more than help 50,000 children attend private schools. The savings yielded by students leaving public schools while leaving their per-pupil funding behind has significantly reduced the burden on taxpayers, says a new study by a school choice advocacy group. In a new audit, EdChoice, a nonprofit focused on advancing educational choice, analyzed 10 tax credit scholarships in seven states. Pennsylvania’s Educational Improvement Tax Credit reaped the biggest overall savings.
EITC, one of two tax credit scholarship programs in Pennsylvania, has saved taxpayers between $722 million and $1.7 billion since 2002, the report said. That equates to $3,000 to $5,800 per student. The program receives funding through corporate donations. Businesses that donate can receive 75 cents for each dollar as a corporate tax credit. Total Pennsylvania tax credits are capped at $175 million for any one year. Because this is money forgone to the state government, it results in less revenue available for public school funding based on scholarship amounts and per-pupil funding levels for each district. But, EdBuild’s study says, that is more than offset by revenue that stays behind when the student leaves for another school. Pennsylvania’s tax credit scholarship program is the second largest in the country (behind Florida). Enacted in 2001, EITC covers students’ tuition and school-related fees.  The program is limited to families that have a $91,620 household income or less, plus $15,270 for each additional dependent child.
EdChoice’s calculations are based on approximately 34,000 students utilizing tax credit scholarships in 2014. The program now serves more than 50,000. A key variable in determining savings is where students would be attending school in the absence of the program. The study accounts for a lower-bound estimated 40 percent of students that would enroll in private schools even without tax credit scholarships. The $68.1 million in tax support for EITC represents about 0.2 percent of public school revenues in Pennsylvania. Pennsylvania schools collected $27.6 billion in revenue from school district, state and federal taxpayers in 2013-14.
Next year, the Republican-controlled legislature could consider expanding both tax credit scholarship programs. In October, House Speaker Mike Turzai (R-Allegheny) unveiled a proposal to expand tax credit scholarships.  The $75 million boost would be twice the size of the expansion approved for the current state budget.
7 Comments
Raymond McGahey link
4/18/2023 10:41:16 am

How can we define what’s a photo effect? That was my main concern when I started scouring the web to build this list. Despite of this situation, I had one thing clear: the final result had to be quite different from the orignal picture and be recognized as a post production photo manipulation.

Reply
Flavia Gaines link
4/18/2023 10:42:58 am

ooking for Psychiatrist in Pune ? Visit Aastha hospital , get excellent treatments on psychiatric problems like depression, De-addiction, anxiety, child psychiatry etc.

Reply
Robert Chasse link
4/18/2023 01:04:49 pm

That is more than offset by revenue that stays behind when the student leaves for another school. Pennsylvania’s tax credit scholarship program is the second largest in the country, Thank you for sharing your great post!

Reply
Anthony Hill link
4/29/2023 08:07:09 am

That is more than offset by revenue that stays behind when the student leaves for another school. Pennsylvania’s tax credit scholarship program is the second largest in the country, I’m so thankful for your helpful post!

Reply
Real Estate Investment Turkey link
11/27/2023 01:33:12 am

The disadvantages of home investment are as follows:
If you are not going to live in the house you bought, I found a tenant, I got the rent, there is a high probability that you will deal with problems.

The house wears out over time, incurring repair costs.
However, the Cyprus houses for sale that you buy from Goldmark Estates are extremely clean. For this reason, it makes it easier for you to find a tenant and you don't have to think about the deterioration of the house.

https://turkishclassified.com
https://residencepermitturkey.com/buying-property-in-turkey-and-residency
https://turkishclassified.com/page/buying-property-in-turkey

Reply
https://turkeymedicals.com Teeth whitening cost in Turkey link
5/8/2025 11:22:57 pm


The average price for teeth whitening procedures across Turkey, with options for both in-office treatments and home kits at various price points.

Reply
https://turkeymedicals.godaddysites.com link
6/8/2025 02:42:01 am

You might have to build a new website with godaddysites.com

Reply



Leave a Reply.

    Author

    Randy Tarpey CPA 

    View my profile on LinkedIn

    Categories

    All

    Archives

    November 2024
    March 2024
    February 2024
    January 2024
    December 2023
    June 2023
    December 2022
    November 2022
    August 2022
    July 2022
    May 2022
    December 2021
    October 2021
    September 2021
    August 2021
    June 2021
    May 2021
    March 2021
    January 2021
    December 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    October 2018
    August 2018
    July 2018
    June 2018
    April 2018
    February 2018
    January 2018
    November 2017
    September 2017
    June 2017
    January 2017
    December 2016
    October 2016
    September 2016
    August 2016
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    July 2014
    June 2014

  • Home
  • Federal Program
  • School Participation
  • Supported Schools
  • Job Opening
  • EITC News
  • Special Purpose Entity
  • Donor Process
  • Eligibility for Special Donor Cases
  • Frequently Asked Questions
  • Blog Topics
  • YouTube
  • Simple Tuition Solutions
  • OUR TEAM
  • Contact Us
  • Harry