Illinois House Passes Tax Credit Scholarship, Charter Funding Equity
Tonight, the Illinois House of Representatives passed a $100 million tax credit scholarship program, and charter funding equity on a bipartisan basis of 73-34 votes. The scholarship program will be available statewide, prioritizing low-income children and children who live in a school district with a failing school.
Statement from Tommy Schultz, National Communications Director for the American Federation for Children:
“Families across Illinois are one step closer to having more options and control over their child’s educational path. Educational choice continues to gather momentum as Illinois is poised to become the 26th state with private school choice and to have the 52nd program in the country after the State House passed a tax credit scholarship program that will collect $100 million for scholarships, and provide $75 million in tax credits to donors.
“The legislation also includes funding equity for charter school students. If it becomes law, charter students who were not yet fully funded will see an increase of approximately $2,000 per student per year going towards their education.
“We would like to thank the leaders of both parties that voted to pass the measure, including Speaker Madigan and Leader Durkin.
“Senate passage is expected tomorrow and we look forward to Governor Rauner signing the legislation into law.”
The income limit for the tax credit scholarship recipients’ families will be 300 percent of the federal poverty line, and a recipient can stay in the program if the family income rises to 400 percent. Children from poorer families, or those in districts with a failing school will be first in line.