How long would it take you to spend 58 million dollars? It took the State of Georgia only a few hours to run out of the $58 million in available tax credits which funds private school scholarships. The scholarship tax credit program was enacted in 2009 and has become increasingly popular. Last year it took three weeks to hit the cap for the dollar-for- dollar tax credit. The program has generated more than $18 million for students choosing to attend Jewish day schools in Georgia since its inception. It is expected to generate an additional $5 million for Jewish day school families this year. Agudath Israel and its allies will once again work on either raising the cap or creating a separate program to help students who wish to attend a school of their choice.