New federal tax credit scholarships could help, hurt Georgia schools, experts say
Public school systems in Georgia are exploring whether they can tap a new well of funding starting in 2027: the first-of-its-kind federal tax credit scholarship program.
Official response and confirmed impact
Federal lawmakers created the program as a way for families to pay for things like private school tuition, tutoring, special education services and more.
It could be a new revenue steam for cash-strapped public schools — or a drain on their budgets. It’s called the Education Freedom Tax Credit.
The program is uncapped, meaning every taxpayer in the country could donate if they wished.
By 2030, it could rake in $26 billion annually — enough to support millions of students nationwide, according to estimates from the U.S. Treasury and Internal Revenue Service.
In time, it could become the largest federal resource accessible for those students, according to some experts.
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