Gov. Sandoval Signs Bill Creating Private School Scholarships
Courtesy: Twitter, Governor Sandoval
Gov. Brian Sandoval has signed a bill that would authorize scholarships so low- and middle-income families can afford private school.
The Republican governor signed Assembly Bill 165 at the historic Fourth Ward School in Virginia City Monday afternoon. The school was christened in 1876, graduated its last class in 1936 and now operates as a museum.
The scholarships give companies credit toward their modified business tax bill if they donate to a qualifying scholarship organization. Scholarships would go to students whose household income doesn't exceed 300% of the poverty level.
The scholarships will come from private donations, and donors will – in turn – receive tax credits.
Students can apply for the scholarships if their families make less than 300% of the poverty line.
Democratic opponents say the scholarships divert money from public education and are not targeted enough to the lowest-income families. But, Gov. Sandoval says it's a necessary step. "I talk about the new Nevada... we are bringing amazing companies here and they're going to require a skilled workforce. Not to mention, we owe every child in this state a quality education, and we need to invest in that."
The scholarship fund is due to open for the upcoming school year and is accepting donations until the total hits $5 million.
The bill caps state tax credits at $10.5 million over two years, and limits scholarships to $7,755 apiece.