From the Ed Choice; New Research Report
Tax-credit scholarship programs allow individuals and businesses to reduce their state tax liability by making a private donation to a nonprofit organization that provides scholarships for children to attend private schools of their choice.
What You’ll Learn
Tax-credit scholarship programs have generated at least $1.7 billion in taxpayer savings since the first program was implemented in 1997. The savings could be as much as double that. More than 1.2 million tax-credit scholarships have been awarded to and used by students to attend private schools in the nearly two decades since such programs have been available.
School choice programs generate savings, but it’s up to lawmakers to reallocate that funding. We don’t have a good idea where the savings are going. The 10 programs studied for this report are all different. We took a detailed look at how each one operates, how many students are enrolled and how much taxpayers are saving.
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