Opponents say reform is a guise for expansion of STOs
By Ricardo Cano | The Republic
Arizona Senate President Steve Yarbrough, who for years ran a private-school tax-credit organization of his own, is pushing legislation that he says will rein in the cost of the state’s ballooning tax-credit program.
“The proposed reduction in the cap will have the very real, extraordinary impact that it is intended indeed to have,” Yarbrough told the Senate Finance Committee. “I submit that this might be a once-in-a lifetime
opportunity for those among us who do not like scholarship tax credits.”
But opponents of Senate Bill 1467 have expressed skepticism over provisions that would expand aspects of a program they say already siphons too much state money away from Arizona’s financially-strained public schools.