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April 22, 2021 In Uncategorized

Indiana’s Budget Bill Passes – SGO Impact

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The budget bill was just overwhelmingly approved by both houses of the Indiana General Assembly and will now go to the Governor for signature.  A quick read reveals that the income threshold for SGO scholarships starting July 1, 2021 will be increased from 200% to 300% of the federal free/reduced lunch amount.  The tax credit cap will raise from the current $16.5 million to $17.5 million on 7/1/2021 and to $18.5 million on 7/1/2022.  Absent any further action, on July 1 of 2023, the amount reverts back to $16.5 million.

The same bill creates Education Savings Accounts for families of children with special needs, and raises the income threshold for Choice vouchers to the same 300% level.  The tiers for choice funding below 90% are eliminated and foster kids are added as a track.  We encourage you to read this on your own to understand the implications for your schools.

Here is what the income limits look like at 300%:

We anticipate that this bill will be signed by the Governor.

1 reply added

  1. Teresa Johnson May 3, 2021 Reply

    Does this apply to the 2021-2022 school year, if so, should we contact our school about applying if we meet the 300% guidelines, everything I am seeing still says 200% with the exception of this report?
    Thanks!

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