Some BK families, students may get extra money under new Bloomberg plan

Mayor Michael Bloomberg (R-NY) has come up with a new plan that could give some Brooklyn families and students extra money.The mayor announced a plan

BROOKLYN - Mayor Michael Bloomberg (R-NY) has come up with a new plan that could give some Brooklyn families and students extra money.

The mayor announced a plan Monday to offer childcare tax credits to low-income families and cash rewards to encourage students to stay in school. According to the plan, the tax credit would be worth up to $1,000 for each child in families making an annual salary of $30,000 or less. Under the plan, students who meet certain criteria would be able to earn $50 to $1,500 for scoring high marks on standardized tests or enrolling in special programs.

Bloomberg came up with the plans after the Commission for Economic Opportunity came out with its report that assessed the city?s poverty. City agencies will now develop an action plan based on Bloomberg?s initiative in the next 60 days. The city hopes to raise $24 million to carry out Bloomberg?s plans.

advertisement | advertise on News 12

Trending Video

Animal rights activists continued to protest outside the 1 Protesters gather outside Ringling Bros. Circus
The We Are the Resistance fundraiser allowed artists 2 Fundraiser highlights works of female 'resistance' artists
The victims, both males, are 15 and 18 3 The Buzz: East 55th Street shooting
Police say a man was killed Friday after 4 Police: Man dies after falling down stairs while walking dogs
Community leaders in Sheepshead Bay are demanding the 5 CB15 calls for elevator at Sheepshead Bay station

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE