Corporate tax credit program needs oversight
Gov. Corbett signed a $27 billion budget last month, and the headlines have centered around the state making deep and controversial cuts to services for the poor and disabled.
While cutting services, the state also cut taxes. The Educational Improvement Tax Credit program, which allows corporations to receive tax credits for funding scholarships to private and parochial schools, grew from $75 million to $100 million. Plus, an additional $50 million is going toward new tax credits for scholarships to go to students in low-performing public schools.
In this week’s It’s Our Money podcast, we talk to Daily News Editorial Board editor Sandra Shea, who argues that there isn’t nearly enough oversight of the program.
Do you have a rant, rave or question about how your tax dollars are spent? Let us know in the comments section below.
It’s Our Money is a joint project of the Daily News and WHYY, funded by the William Penn Foundation. We shed light on where your tax dollars are going.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
New Jersey Transit approves a 15% fare hike, the first increase in nearly a decade
The increase, which takes effect July 1, also calls for annual, regular fare increases of 3% in subsequent years. It's the first time rates will rise in nearly 10 years.
2 weeks ago
Investors pour $1B into Delaware River waterfront projects over 10 years
There’s a steady pipeline of projects planned along the Philly waterfront — including apartments, retail and a public park — even though one developer paused mid-construction.
2 weeks ago
Listen 1:11
Vice President Kamala Harris unveils more student debt relief measures in North Philly
The Biden administration expects the debt relief program will help 30 million people nationwide.
2 weeks ago
Listen 1:00