Florida Reports on Cost Savings from School Choice
The folks over at Virginia’s Cost Cutting Caucus (a bipartisan group of state legislators working for a more transparent, accountable and competitive government that will yield better services at a lower cost to the taxpayers) reported today on the report released by Florida’s Office of Program Policy Analysis and Government Accountability on the fiscal impact of their tax credit scholarship school choice program.
The results are not so surprising to us, but still impressive nonetheless: “The Corporate Income Tax Credit Scholarship Program Saves State Dollars.“
One key finding worth noting, the report concludes that for “Fiscal Year 2007-08, taxpayers saved $1.49 in state education funding for every dollar loss in corporate income tax revenue due to credits for scholarship contributions.”
As we have said before, school choice works. It gives parents choices, it gives kids opportunities, and it saves taxpayers money.
Take a look at the report online here: http://www.oppaga.state.fl.us/reports/pdf/0868rpt.pdf
