By Ben Giles | Arizona Capitol Times
A Republican proposal to end the dramatic annual growth of tax credits for private school scholarships also expands access to those scholarships in ways that makes public school advocates wary.
Senate President Steve Yarbrough’s SB1467 would phase down a 20 percent annual increase in the cap on a corporate tax credit for School Tuition Organizations, or STOs, that provide scholarships to help cover the cost of private school tuition. Yarbrough, a Chandler Republican who for years ran such an organization, pitched the bill as a bipartisan offering to accomplish a goal Democrats have long sought – a halt on such a large annual increase to the tax credit.
