Governor Kathy Hochul stated in a private meeting that she plans to opt New York into the new federal scholarship Education Freedom Tax Credit (EFTC) program.
That means New York families could soon have access to a dollar-for-dollar federal tax credit of up to $1,700 for donations made to Scholarship Granting Organizations (SGOs), helping create scholarship opportunities for K-12 students. This can support private school tuition, but also public school students through things like tutoring, technology, and after-school programs.