Assemblywoman Amy Paulin, D-Scarsdale, who opposes the educational tax-credit bill now pending in Albany, has returned a $600 campaign contribution from the Educational Fund, the political action committee set up to woo state legislators.
Tax Watch detailed the PAC’s involvement in the well-financed movement on Jan. 11.
Paulin returned the check on Jan. 10, according to her recent campaign committee filing. Paulin told Tax Watch she was returning the contribution to make it clear that she did not favor the plan. It would create $250 million in tax credits, split between public and private schools. Individuals or corporations could obtain tax credits, on a dollar-for-dollar basis, for up to 75 percent of their state tax liability.
An individual or corporation could use up to $12.5 million in credits for donations made the scholarship funds of private schools, or to public schools or their foundations.
Paulin opposes the measure because she wants to focus on funding for public schools.
“I didn’t want my position to be unclear,” Paulin said. “Giving the money back makes it very clear.”
In its latest round of donations, state Assemblyman David Buchwald, D-White Plains, received a donation of $1,000. Buchwald has yet to state his position on the bill.
The Educational Fund is a political action committee funded by seven wealthy New Yorkers, including two of America’s richest individuals. Bruce Kovner, a Wall Street hedge fund touted by Forbes as the nation’s 95th wealthiest, donated $10,000 to the Fund. He’s the former chairman of the board of the right-wing American Enterprise Institute and a backer of New York’s Manhattan Institute, a conservative think tank.