Dolan Rallies In Support Of Tax Credit Proposal For Education Donations
NEW YORK (CBSNewYork) - Cardinal Timothy Dolan and a number of union leaders joined with parents Monday to rally for a measure that supporters say will help all schools in New York State.
As WCBS 880's Rich Lamb reported, the bill in Albany aims to funnel non-tax dollars to public schools, as well as to scholarships for religious and private school students by creating a new tax credit for anyone making a charitable contribution for educational purposes.
"And all it does, Rich, is encourage business leaders to invest in schools, all schools, with scholarships and we'll give them a tax credit for it. So the other good news is, it's not costing the state anything," Cardinal Timothy Dolan told Lamb.
Those donating to public schools, school districts and teacher projects would be eligible for the Education Investment Tax Credit under the proposal, Lamb reported.
"When you've got business leaders who want to support the school where they went, a school in their neighborhood, a school that they're fond of, they can do it and they get a tax write-off," Dolan said.
The cardinal said the governor is on board.
"Makes eminent sense to us. And we're not popping the champagne corks yet but we're going to fight hard," Dolan said.
You May Also Be Interested In These Stories