SALT Deduction Poses Problems For Virginia Education Funding | Community Idea Stations

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SALT Deduction Poses Problems For Virginia Education Funding

There’s a lot of talk at the federal level of eliminating what’s known as SALT – the state and local tax deductions available to those who itemize their taxes. There’s not as much discussion about how its elimination could affect education funding.

State and local dollars cover about 93% of education costs in Virginia, according to the Commonwealth Institute for Fiscal Analysis. But with the elimination of SALT, there could be an even greater burden on local and state governments to fund education.

In a worst-case scenario, the National Education Association estimates about 9,000 educators in the Commonwealth could be out of a job over the next decade.

“Right now we have over 2,500 fewer teachers and positions in our schools than we did in 2009, and this is while student enrollment is growing,” said Chris Duncombe, Senior Policy Analyst with the Commonwealth Institute for Fiscal Analysis. “So if we had actually kept pace with growing enrollment, we’d have over 10,000 more staff. So jeopardizing another 9,000 positions is really putting us in a very difficult position.”

However, Duncombe and others says it’s too hard to tell exactly what the impact could be.