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FIRST ON FOX: States that decline to opt in to the Education Freedom Tax Credit (EFTC) could forgo nearly $23 billion in education funding over the next three years, according to a new analysis from the America First Policy Institute.
To highlight those potential losses, the group will launch an interactive Funding Loss Calculator designed to show how much each non-participating state stands to lose in charitable donations tied to the federal tax credit program.
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An interactive tool from the America First Policy Institute reveals how states could miss billions in education funding and millions of scholarships by opting out. (Sky Nesher/Getty Images)
The projections estimate that 23 states could miss out on nearly $23 billion between 2027 and 2029—equivalent to more than 4.1 million could be lost in scholarship opportunities for students.
“We wanted to make sure that governors know and especially, the people in the states know, what is being foregone if they do not opt in to this federal tax credit scholarship program,” Erika Donalds, chair of educational opportunity at AFPI, told Fox News Digital.
“The program will provide not just private school tuition, but homeschool expenses, curriculum assistance, tutoring, special needs services, dual enrollment and so many other resources for families,” Donalds said, adding that the funds come from private donations and not state budgets.
So far, she added that so far, 28 governors have opted into the program.
LA UNITED SCHOOL DISTRICT SCANDAL LEADS TO CHARGES AS $22M SCHEME ALLEGEDLY DRAINED FUNDS MEANT FOR STUDENTS
Projections from the America First Policy Institute estimate that more than a dozen states could miss out on nearly $23 billion between 2027 and 2029. (iStock)
Under the policy, taxpayers can receive up to $1,700 in dollar-for-dollar federal tax credits for donations to scholarship-granting organizations,…
