It would give tax credits to corporations and the wealthy while shifting the burden of funding essential public programs and services — like public education, health and safety — to less affluent taxpayers. Its dollar-for-dollar tax credit to individuals and businesses creates a significantly more lucrative incentive than the state offers for any other type of charitable giving, including churches, food banks and cancer research. The first-year cost is $25 million, growing to $100 million annually. Nebraska already ranks 49th in the nation in state aid to public schools. LB753 would make this even worse and put more pressure on property taxes.
In Nebraska, 9 in 10 students attend our public schools. Voucher tax schemes like LB753 funnel money away from our already-underfunded public schools and children and give tax dollars to private schools, including those that discriminate against children and their families.
Private schools that would receive funding under LB753 are not held to the same accountability and reporting requirements as public schools.
Taxpayer dollars should be invested in strengthening our public schools, which are open to all children, subject to state curriculum standards, and supported by the vast majority of Nebraskans in annual polls.