The Cost of Universal Vouchers: Three Factors to Consider in Analyzing Fiscal Impacts of CS/HB 1

Draining Funds From Public Education
Written By Florida Policy Institute and the Education Law Center

EXCERPT

The Florida House PreK-12 Appropriations Subcommittee offered a proposed committee substitute (PCS) to HB1 that included a fiscal analysis estimating the universal private education voucher bill will cost $209.6 million in year one for Florida Empowerment Scholarship (FES) vouchers. As of February 24, the PCS is now the new version of HB1, CS/HB1. Why is the fiscal analysis price tag so much smaller than the $4 billion estimate provided by Florida Policy Institute (FPI) and Education Law Center (ELC)? Because the FPI/ELC estimates follow a set of key assumptions that were not considered in the House’s fiscal analysis.

Florida Policy Institute and the Education Law Center
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