January 31, 2020 8:54am
GLI voices support for scholarship tax credit legislation
This week, GLI urged lawmakers in Frankfort to make 2020 the year that the General Assembly establishes a scholarship tax credit program in Kentucky. A long-time GLI education and workforce development priority, a scholarship tax credit program would significantly increase the number of educational options available to Kentucky families and allow more of the Commonwealth’s highest-need students to attend the schools that best fit their needs. This is critical to helping address educational achievement gaps in Kentucky and increasing the competitiveness of our homegrown workforce.
The concept of a scholarship tax credit program is not a new one. Rather, Kentucky has the advantage of learning from 18 other states that already operate these programs. This has allowed supporters to craft a proposal for implementing an effective program in Kentucky that would benefit both students and public schools, just as scholarship tax credit programs have in other states. The success of scholarship tax credit programs throughout the country has led many Kentuckians to voice their support. A 2018 survey found that 62 percent of Kentucky voters are in favor of establishing a scholarship tax program in the Commonwealth.
Lawmakers have already filed two proposals in the 2020 legislative session to implement a scholarship tax credit program: Senate Bill 110 (R. Alvarado) and House Bill 350 (C. McCoy). These bills propose a $25 million scholarship tax credit program, representing less than 0.2 percent of funds spent on public K-12 schools. This modest proposal would leverage millions in private sector dollars to help some of our highest-need and most deserving students find the educational and academic opportunities that work best for them.
In a letter to lawmakers on Thursday, GLI urged support for both of these bills. Read more about GLI’s education and workforce development priorities here.