One of the most polarizing issues in Gov. Andrew Cuomo’s budget is an education tax credit that would allow donors of up to $1 million to public and private schools to receive a tax benefit. Opponents say it benefits the rich, supporters say it helps poor children.
Under the provisions of the education tax credit proposed by Cuomo, people and businesses can donate up to $1 million to a scholarship fund to send underprivileged children to private schools, or support enhanced programs at public schools. They would receive 75 percent of the money back in the form of a tax credit.