The General Assembly passed a budget in June, to be signed by Governor Wolf that includes Senate Bill 1, which addresses an increased need statewide for educational alternatives to students and their families via an expansion of Pennsylvania’s tax credit scholarship programs.
The Educational Improvement Tax Credit program, (EITC) was increased by $40 million. Based on statewide data, this will impact approximately 13,000 students across Pennsylvania by providing them with private or faith-based education scholarship opportunities.
This budget increase represents the biggest expansion since the program’s inception two decades ago, having grown from $60M in 2015 to $225M today.
“As the leading scholarship organization in the state, an expansion of this magnitude allows BLOCS to significantly impact many more families across the Philadelphia region and beyond, who meet the state’s financial criteria,” remarks BLOCS CEO Dave Rowan.
To combat socioeconomic issues across the city of Philadelphia, a consistent and growing investment in education is critical to the region’s long-term success. A significant increase in program support represents important educational progress across the state.
The program expansion is a win for EITC donors as well.
“With the program’s budget increase, a considerable amount of new donors will be able to access these significant tax credit benefits, thereby supporting more students and families than ever before” adds Rowan.
With the collaboration of BLOCS’ partner schools and through the donor support, BLOCS reports having awarded more than 16,000 scholarships to students with the greatest financial need. This equates to $51.3M in Tax Credit revenue for the fiscal year ending on June 30, 2021.