VACostCutting

Friday, January 23, 2009

It it worth repeating, school choice SAVES money

With this year's budget challenges before the General Assembly, we think it is worth re-iterating yesterday's post about school choice SAVING 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.

2 Comments:

  • Let's hope that the general assembly can finally make this happen this year. It is past time to end the monopoly on education in the state that is failing our kids.

    By Anonymous Anonymous, at 1/23/2009 2:23 PM  

  • I agree with the person above. If school choice expands parents options for a quality education that suits their child's unique needs AND saves money at the same time, then why wouldn't you do it? Stop letting the VEA bully everyone into doing whatever they say. The VEA aren't the only ones who know how to educate our kids and with the budget crisis, it only makes sense to try and find ways we save money.

    By Anonymous richmond city voter, at 1/23/2009 2:40 PM  

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