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If you want to be in the know about what’s going on at Lutheran Schools Association and what we're exploring, you’ve come to the right place.

Education Tax Credit in Gov. Cuomo's State of the State Address

From the NYS Catholic Conference:

Governor Cuomo continues the fight for Education Tax Credits!

Governor Andrew Cuomo today issued his annual State of the State message and 2016-17 Executive Budget proposal. The $145.9 billion proposed state budget includes a record $25 billion in spending for public schools which represents an increase of $1.14 billion (4.9%).

The Governor also included his Education Tax Credit (ETC) proposal in the Executive Budget following the passage of the Senate version (S.1976-a by Golden, et al) on Monday. The Governor’s proposal provides $150 million in credits for the following:

· $50 million for donations to Education Scholarship Organizations;

· $20 million for donations to the public school sector;

· $70 million in tuition tax credits worth up to $500 for low-income families; and

· $10 million for tax credits worth up to $200 for teachers’ out-of-pocket classroom expenses.

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