It it worth repeating, school choice SAVES money
Yesterday we wrote about the study by the Florida Office of Program Policy Analysis and Government Accountability (OPPAGA) found that "taxpayers saved $1.49 in state education funding for every dollar loss in corporate income tax revenue due to credits for scholarship contributions."
Okay, so you're asking, but what does this mean for Virginia, right?
Well, thankfully for us, the folks at the Thomas Jefferson Institute for Public Policy have already crunched the numbers for us.
No issue is more challenging for the Virginia General Assembly this year than the budget. But while opponents of parental choice argue that a tax credit for corporations offering scholarships for children to attend the public or private school of their choice would drain the state treasury, nothing could be further than the truth. This fiscal analysis -- using the latest Department of Education statistics -- demonstrates how wrong that assertion is. In fact, such a tuition tax credit would have a positive fiscal impact.
Positive fiscal impact?? That sounds like a pretty good thing to us!
Still not convinced? Check out the full report and analysis online.