What’s New For 2011-2012?
During the 2011-2012 fiscal year, the EITC Program is returning to its $75 million cap after being lowered in 2009 to $60 million.
How are the EITC Funds Divided?
$44,666,667 million is appropriated annually for scholarship organizations, $22,333,333 million for innovative educational improvement programs in public schools and $8,000,000 for a separate pre-kindergarten scholarship program.
During 2007-08, 44,000 children across Pennsylvania benefited from EITC scholarships and countless numbers of children in public schools benefited from innovative programs that would have likely have gone unfunded.
A Great Way for Businesses to Direct Their Tax Dollars
The EITC has accomplished what many in Pennsylvania have been advocating for years: to get the business community more involved in education. The EITC enables companies to support local non-profit charities, at a minimal cost, instead of sending their tax dollars to Harrisburg. It’s that simple.
The business community has overwhelmingly responded the challenge. To date, over 5,422 companies have pledged in excess of $510 million dollars to the programs. The children of Pennsylvania thank you!
A Lifeboat for Kids, a Savings to Pennsylvania Taxpayers
EITC scholarships have provided thousands of lifeboats to families looking to escape failing public schools, as well as to families struggling to remain in non-public schools. Each time a child moves from a public to non-public school and each time a child is able to stay in a non-public school as a result of the EITC, both taxpayers and families win! One study has already documented savings of $360,000 dollars annually to the Philadelphia School District as a result of the Futuro Educacional scholarship organization.
Need more information? Contact the REACH office at 717.238.1878 or mail@paschoolchoice.org and request our brand new EITC brochure, Transforming Education in Pennsylvania: The Latest Facts about the Educational Improvement Tax Credit Program. Your first copy is FREE! All copies after that are $1.00 each.
