Davenport officials OK rebate for college savings

DAVENPORT, Iowa (AP) — Davenport has approved a program that will let residents use a property tax rebate to help save for college.

The Davenport City Council voted Wednesday in support of the College Cornerstone program, which will be an addition to the Davenport Now property tax rebate program.

Davenport Now, which began in 2009, offers a 50 percent property tax rebate over 10 years. The council’s approval means participants will be able to put their money into a 529 college savings plan of their choice. It also includes a four-year extension to Davenport Now.

The Quad-City Times reports (http://bit.ly/1iWDjaZ ) the College Cornerstone program is expected to be available in February.


Information from: Quad-City Times, http://www.qctimes.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s