Davenport Considers Rebate For College Savings

Tools

By Richard Pratt

DAVENPORT, Iowa (AP) — Davenport officials are considering a program that would let residents funnel a property tax rebate into a college savings plan.

The Davenport City Council discussed the proposal after a brief presentation Thursday by City Administrator Craig Malin. The council is scheduled to vote on the measure next week.

The proposal, called "College Cornerstone," would let participants of the Davenport Now property tax rebate program put their money into a 529 college savings plan of their choice. Malin says average returns for 529 plans show the Cornerstone program could return $32,700 over 15 years.

The Quad-City Times reports the council and Mayor Bill Gluba responded positively to the concept, but at least one alderman said he wanted to review it more closely.

Conversation Guidelines

Be Kind

Don't use abusive, offensive, threatening, racist, vulgar or sexually-oriented language.
Don't attack someone personally. Keep it civil and be responsible.

Share Knowledge

Be truthful. Share what you know and what you are passionate about.
What more do you want to learn? Keep it simple.

Stay focused

Promote lively and healthy debate. Stay on topic. Ask questions and give feedback on the story's topic.

Report Trouble

Help us maintain a quality comment section by reporting comments that are offensive. If you see a comment that is offensive, or you feel violates our guidelines, simply click on the "x" to the far right of the comment to report it.


read the full guidelines here »

Commenting will be disabled on stories dealing with the following subject matter: Crime, sexual abuse, property fires, automobile accidents, Amber Alerts, Operation Quickfinds and suicides.

facebook twitter rss mobile google plus
email alerts you tube hooplanow pinterest instagram

What's On KCRG