Call to Action - Please write your legislators today! TAX CREDIT STYLE SCHOOL VOUCHERS Wednesday, January 10, 2024
Missouri Retired Teachers Association and Public School Personnel (MRTA) would like to bring your attention to a critical matter that affects the future funding of education in our state. Today, the Senate Committee on Education and Workforce Development will be considering two tax credit-style school voucher bills—SB 727 and SB 729.
SB 727 (Senator Koenig): This bill seeks to expand the existing tax credit voucher program, extending its reach to all counties in the state. It proposes a significant increase in the allowable annual amount of credits to $75 million, raising the qualifying income threshold to 400% of the income eligibility for reduced-price school lunch. Furthermore, SB 727 suggests an increase in the maximum per student award, factoring in students with an Individualized Education Program (IEP), limited English proficiency, and free or reduced-price school lunch eligibility.
SB 729 (Senator Koenig): This proposed legislation introduces a new tax-credit-style voucher that provides a 100% credit for private school and home-schooling expenses up to the State Adequacy Target amount. Revenues from Proposition C will be deducted from each district in the amount of such credits granted to taxpayers residing in the district. This program does not have a cap and would begin on January 1, 2025.
Why is MRTA Opposed?
Tax credits reduce the funds available for public schools and students, exacerbating Missouri's already challenging funding position, ranking 49th in school funding. These bills could cost the state of Missouri $875,000 to $1.5 billion per year. Less revenue translates to fewer opportunities and funding for Missouri public schools and students, particularly those with special academic needs who likely will not be able to attend private schools.
MRTA's Stance:
MRTA strongly opposes both SB 727 and SB 729. These bills divert critical tax dollars away from public schools, jeopardizing the foundation of strong public education and limiting opportunities for Missouri students. MRTA remains committed to advocating for public schools, students, school employees, and retirees, aiming to secure Missouri's education retirement systems.
What Can You Do?
We urge you to take immediate action by writing to your legislators and expressing your opposition to both SB 727 and SB 729. Write your legislators now and make your voice heard.
Your support is invaluable in safeguarding the future of Missouri's public education. Please write to your legislators today and ask them to oppose SB 727 and SB 729. Your voice can make a difference in protecting the interests of our students and maintaining the strength of our public education system.
Thank you for your prompt attention to this matter. Together, we can ensure a bright future for education in Missouri.
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