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On behalf of the McMahon Parater Scholarship Foundation and the students receiving scholarships, we would like to thank you for contacting your legislator regarding the proposed reduction in the Education Improvement Scholarship Tax Credit (EISTC) program.
As you may have heard, the General Assembly approved a budget with minimal changes, leaving the big question to be resolved over differences on tax proposals.
We want you to know that the EISTC program is secure. The existing cap in the program remains the same, and there is no reduction in the amount of tax credits that may be issued. This ensures a protected revenue stream so that donors will be able to receive their tax credit and – most importantly – students will be able to receive a scholarship to attend the school of their choice.
Thank you so much for taking action when we requested it. Your active participation is an important part of expanding a robust scholarship program, and we are deeply grateful.
- Kelly Lazzara, Superintendent of Schools
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