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State tax credit program raises $50M for scholarships

State tax credit program raises $50M for scholarships

ATLANTA -- The Georgia Department of Revenue stamped its approval on $50 million in donations under the Georgia Scholarship Tax Credit Program.

The program lets people and businesses get tax credit for donations to scholarships for Georgia children to attend private schools.

Fifty million dollars is the most allowed under the program. In 2012, the statewide cap on donations will increase by the annual increase in the Consumer Price Index until 2018.

Individuals can donate up to $1,000, while married couples have a donation cap of $2,500. Corporations can donate up to 75 percent of their state income tax liability.

The American Federation for Children estimated more than 6,000 students last year got scholarships to attend private schools through the program.

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Best out-of-the-ordinary Halloween events around Atlanta you don't want to miss

Fernbank BOO-seum Trick-or-Treat

Saturday, October 29 from 10 a.m. – 2 p.m. Get ready to have a screaming (in delight) good time! For one day only, Fernbank Museum is becoming Fernbank BOO-seum. Little Beat Music, Inc. will provide family-friendly tunes and face painting will inspire those who didn’t quite finish their costumes. Plus, enjoy a frightening-ly fun Halloween party featuring games, crafts, hands-on activities and special treats for kids in costumes.* (*Treats available while supplies last.)

Growing Up A Turner

Can you imagine what it would be like growing up in the shadow of Ted Turner? Watch as we talk to his two daughters, Laura and Jenny, about their childhood and how they hope to help save the planet. 

For more stories like this one visit http://www.ConnTV.com

Also follow us on Twitter @ConnJackson to get updates about our latest interviews. 

Former Doublemint Twin Turned Interior Designer Opens Design Showroom in Atlanta

Former Doublemint Twin Turned Interior Designer Opens Design Showroom in Atlanta

 

For nearly two decades, California-based 

$10 million in low interest student loans up for grabs

$10 million in low interest student loans up for grabs

ATLANTA -- State officials have re-opened the pool for $10 million in low interest student loans. 

Lawmakers had set aside $20 million to help families after an overhaul of the lottery-funded HOPE scholarship took effect this summer.

Only about 5,200 students applied for the loans during the initial application period, which ended in July.

The Georgia Student Finance Authority has now re-opened the application process for the remaining $10 million in available loans.

Students have until Oct. 31 to apply for the Student Access Loan Program. 

For applications and details, visit GAcollege411's website.

Georgia Lottery sales falling short

ATLANTA -- Turns out the budget for education expenses was richer than reality.

The Governor's Office says lottery revenues continue to fall short of expected revenue despite that fact that ticket sales are up in the first quarter of this year.

"We budgeted more revenue than we are now expecting to receive," said Governor Nathan Deal's spokesman, Brian Robinson. "We budgeted $903 million in the fiscal year 2012 budget. Fiscal year 2011 lottery deposits to education were $846 million."

11Alive started digging into lottery revenue because of cuts to the Pre-K program. $54 million was cut to make up for falling lottery tickets sales in fiscal year 2011, which ended in June. That caused an exodus of experienced educators from the program.

So how did we get here?

Things started going in the wrong direction in the fiscal year of 2011: Total revenue: $3,597,222,000, down $48,175,000 from the year before, or 1 percent.

Georgia per capita income hit $34,800 last year

Georgia per capita income hit $34,800 last year

ATLANTA -- Georgia ranks 21st among the states for per capita income growth over the past 35 years, according to data from the U.S. Bureau of Economic Analysis.

The Peach State's annual PCI growth rate was 5.61 percent from 1975 to 2010. PCI was $5,157 in 1975, compared with $34,800 in 2010.

In terms of total personal income (TPI), Georgia's growth rate was 7.59 percent. The TPI in 1975 was $26 billion, compared with $338 billion in 2010.

PCI is the average amount of money earned by a single person in a given year, while TPI is the sum earned by all people.