Colorado schools seek share of Trump-backed scholarship tax credits |
Colorado public school organizations are moving quickly to participate in a new federal tax-credit scholarship program backed by the Trump administration, which takes effect January 1. The program offers taxpayers a credit of up to $1,700 for donations to scholarship-granting organizations, which can provide families with money for educational expenses. While private school students are expected to be major beneficiaries, Colorado advocates believe public school students could use the funds for tutoring, SAT preparation, Advanced Placement test fees, and programs in districts operating four-day school weeks. At least three organizations, the Colorado Public Schools Foundation, Denver Public Schools Foundation, and RESCHOOL, are creating separate nonprofits to serve as scholarship-granting organizations. Supporters see the program as a potential new revenue source for public education that could free existing philanthropic, state, or local funding for other priorities. Colorado faces a tight timeline to approve participating organizations by December, and the program’s longer-term future in the state is uncertain. Gov. Jared Polis supports participation, but Democratic gubernatorial nominee Phil Weiser opposes the program, and Colorado’s next governor will need to renew participation in 2028. Critics remain concerned that most of the funding could ultimately benefit private schools rather than public school students.