Senator Flynn Praises the Inclusion of 529 Plan Employer Tax Credit Legislation in the Budget

Senator Flynn Praises the Inclusion of 529 Plan Employer Tax Credit Legislation in the Budget

Harrisburg, PA July 11, 2024 − Senator Marty Flynn is excited to announce the creation of a tax credit for employer contributions to 529 tuition savings accounts. This initiative aims to incentivize employers to support their employees’ educational goals, thereby alleviating the financial burden of education for both employees and their families.

Addressing the Student Loan Debt Crisis: Student loan debt in the United States has reached unprecedented levels, with an estimated 45 million borrowers collectively owing over $1.5 trillion. This crisis has far-reaching consequences for students, recent graduates, and the broader economy.

Expanding the 529 Tuition Account Program: A Tuition Account Program 529 account, or a “qualified tuition plan,” is a tax-advantaged savings account designed to encourage saving for future educational expenses. Initially created in 1996 to cover higher education expenses, the program has expanded to include K-12 education costs and apprenticeship-related expenses.

Key Features of the Proposed Legislation:

  • Employers making contributions towards an employee’s 529 account will be eligible to claim a tax credit towards their state tax liability.
  • This tax credit aims to incentivize employers to support their employees’ educational goals.
  • The initiative promotes a skilled and educated workforce in Pennsylvania by making education more accessible and affordable.

Senator Marty Flynn Statement:

“We must work to continue to make education, in all forms, as accessible and affordable as possible for the citizens of the Commonwealth. By introducing a tax credit for employer contributions to 529 tuition savings accounts, we are taking a significant step towards reducing the financial burden of education. This initiative will not only support employees and their families but also promote a more skilled and educated workforce in Pennsylvania. This is truly a win-win opportunity for employers and employees.”

Senator Flynn encourages all eligible employers in Lackawanna and Luzerne Counties, and across the Commonwealth, to participate in this new tax credit opportunity. 

For more information, please contact Senator Flynn’s office.

Senator Flynn Votes Yes on State Budget Funding and Legislation

Senator Flynn Votes Yes on State Budget Funding and Legislation

Harrisburg, Pa. – June 25, 2021 – State Senator Marty Flynn (D-Lackawanna/Luzerne/Monroe) has voted in support of the Commonwealth of Pennsylvania’s budget for fiscal year 2021-2022 that was approved today.

“The approved budget represents a compromise between our five parties of government in Harrisburg – each partisan caucus and the Governor’s office- and gets money out as quickly as possible to programs statewide. This budget puts $200 million in nursing homes, $280 million into highway and bridge projects, and an additional $360 million into other needs moving forward,” said Flynn.

Other highlights of the 2021-2022 budget include:

  • $300 million for basic education, including $200 million to be funded through the Fair Funding Formula and $100 million for Level Up to provide funding for schools that have been historically inadequately funded, including the school districts of Scranton, Reading, Northampton, and Philadelphia
  • $30 million for gun violence prevention through community programs, managed by PCCD
  • $3 million for food purchase program within Department of Agriculture

“Pennsylvania had a budget surplus of $3 billion budget surplus and $7 billion from the American Rescue Plan. I would have liked to see more of those funds put toward economic development and programs that can get people on their feet after the pandemic, but at the end of day my constituents care about action,” said Flynn. “Our communities are sick of stalemates and drawn out negotiations that delay action. This 2021-2022 budget doesn’t deliver on everything our Democratic Caucus fought for, but it raises no taxes and makes new and important investments in education. It’s a comprise and I think that’s a good start.”

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General Assembly Democrats, Local Leaders Across PA Call for Immediate Action on Toxic and Unsafe School Infrastructure

General Assembly Democrats, Local Leaders Across PA Call for Immediate Action on Toxic and Unsafe School Infrastructure

Statewide, PA − June 11, 2021 — As the projected state budget surplus surged to $3 billion and more than $7 billion in federal aid remains idled by inaction, Senate & House Democrats gathered in front of local schools across Pennsylvania on Friday to call for immediate release of funds to end the scourge of toxic and dilapidated school buildings in Pennsylvania.

Elected officials and local leaders in four different regions of the commonwealth talked about how widespread health and safety concerns affect school districts large and small across the commonwealth, where school infrastructure has caused illness and even death to those who are forced to occupy them every day.

“We are here to put an end to the excuses,” state Sen. Vincent Hughes, D-Philadelphia, Montgomery said outside the century-old Overbrook High School where students go without water in science labs and duck pieces falling from the auditorium ceiling. “It’s budget season and the annual excuses that have kept our children trapped in toxic schools are as old and worn as the schools themselves.  Enough.  We have the resources to end this embarrassment right now.”

Democrats are seeking immediate investment in schools across the Pennsylvania, one of only 22 states that has failed to remove lead from school drinking water and where infrastructure has been rated C- by the American Society of Civil Engineers.

Senate Democratic Leader Jay Costa, who spoke from Kelly Primary School in Wilkinsburg, said indiscriminate boundaries should not play a role in school quality.

“Something as simple and arbitrary as a zip code determines the quality of buildings and facilities a student will have to learn in,” he said.  “This isn’t right and it’s not equitable, but this year we have the opportunity to level the playing field. With $7 billion in federal funding and a $3 billion surplus, we can address aging infrastructure in every district in this state that needs it.”

Senate Democrats and Gov. Tom Wolf have been urging the General Assembly for years to protect students, teachers and staff with investments in our schools that would also create thousands of jobs.  Still, news outlets continue to report lead in drinking water, asbestos pollution, and even carbon monoxide dangers in Pennsylvania schools.

Sen. Carolyn Comitta, a member of the Senate Education Committee who spoke said investment of surplus and American Rescue Plan funding would be benefit both students and local economies.

“Every child deserves the opportunity to attend school in a classroom that is a safe, healthy, and productive environment for learning,” she said. With significant ARP funding, we now have a golden opportunity to upgrade Pennsylvania’s school facilities and address problems like mold, asbestos, and lead that are hazardous to the health of students, young people, and teachers. We can fix our educational facilities, create jobs, and prioritize the recovery of both our economy and our schools in the process.”

Under the state constitution, Pennsylvania’s annual budget must be passed by June 30.

“The renovation of schools has been deferred for far too long,” said Sen. Art Haywood, who represents schools in both Philadelphia and Montgomery counties. Now is the time to clear the asbestos, mold, lead, and water. We must fix poor ventilation and other hazardous conditions.”

Sen. Tim Kearney gathered community leaders outside Penn Wood High School in Lansdowne.

“We cannot send our children into schools with overcrowded classrooms and broken heating, and expect them to thrive,” he said. “How can students succeed when their schools are failing? Thanks to a historic investment from the American Rescue Plan, we have a real opportunity to deliver on our promise to Pennsylvania’s children by giving schools the resources they need.”

Sen. Anthony Hardy Williams, who represents Southwest Philadelphia and parts of Delaware County, said students exposed to the neglect of their schools can have that reflected in their performance.

“We must invest money that is readily into school buildings across Pennsylvania. It is appalling that we continue to allow students to sit in classrooms, walk hallways, and drink from water fountains that may be contaminated with lead, asbestos, and numerous other dangerous toxins,” he said.  “How can we expect students to care about their education if they don’t feel like we are committing and investing to them and their learning environment? We need to fund our facilities and invest now in the students of Pennsylvania.”

Sen. John Kane, who spent decades as a union plumber, said he has seen first-hand the materials once used routinely on large building projects.

“I’m from the construction industry – I spent four decades there,” he said. “There are materials in these buildings that we have learned are dangerous and need to be replaced. And the longer we go without doing that, the more we’re putting our students, our teachers, and our school administrators at risk. It’s that simple. It’s time we all do our jobs to right this wrong.”

Sen. Sharif Street, whose North Philadelphia district is one of the least wealthy in Pennsylvania, said education funding is at the root of economic disparity.

“There has never been a better opportunity to fully and equally fund education in Pennsylvania. With $3 Billion in unprecedented budget surpluses, there is no greater priority than making sure our kids have the resources they need to succeed in rural and urban districts,” he said. “Property taxes, new business and even where people choose to start a family are all linked to education funding. Investing in our students will allow us to grow our economy, population and the next the next generation of Pennsylvania.”

Sen. Nikil Saval, also representing portions of Philadelphia, highlighted the opportunity presented by this year’s budget.

“Healthy communities, in which people of all ages have what they need to thrive, do not exist without healthy schools,” said Saval. “COVID has laid bare the dire conditions of school buildings throughout the state, but organizers, teachers, school administrators, parents, and children have fought long and hard to call attention to the urgent need to repair and update the crumbling infrastructure. We have an incredible opportunity, right now, to respond to their calls.” 

The newest member of the Pennsylvania Senate Democratic Caucus, Senator Marty Flynn, joined the press event from Scranton and represents portions of Lackawanna, Luzerne and Monroe counties.

“Now, more than ever, COVID-19 has shown the need for removing all known health hazards from our classrooms as well as providing proper ventilation systems. An unhealthy learning environment leads to overcrowded classrooms and long-term health issues for students and educators. Our six neighboring states all have existing programs to deal with health and safety hazards in their public school buildings. There is no reason Pennsylvanians can’t move to protect our students in the same way,” said Senator Marty Flynn. “In the past, opponents of fair funding have claimed that more money for broken schools means less money for other schools.  The ARP funding eliminates that excuse.  The money is there. We have an opportunity to do the right thing now.”

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