Determining the Fiscal Impact of School Voucher, Tax Credit, and Education Savings Account Programs
EXCERPT
Public school voucher, tax credit scholarship programs, and education savings accounts (ESAs) are becoming increasingly popular school choice options. According to the National Conference of State Legislatures 13 states and the District of Columbia have school voucher programs as of January 2014, 16 states have scholarship tax credit programs, and 5 states have an education savings account program. As of April 22, 2016, legislation to create new voucher, tax credit, or ESA programs have been introduced in several states. Given the saturation of existing voucher and voucher-like programs, and continued appetite for new voucher or voucher-like programs, it is important to understand whether such programs are, or are likely to, improve or worsen state budgets. *Please note that this is a draft template for organizations to use to develop their own fiscal impact analysis.
