(The Center Square) – The Virginia budget deal, which passed both chambers of the General Assembly, would cut funding for a school choice tax credit program by more than half of its current funding.
The Education Improvement Scholarships Tax Credits Program provides a 65% tax credit for individuals or businesses who make donations for scholarships to students so they can attend certain private schools and nonpublic preschool programs. Current law caps the state funding for the program at $25 million per year, but a provision in the budget proposal would reduce that cap to only $12 million per year.
