In “How To Avoid Defaulting On Public Schools” by Adam Shaefer 02/07/2011 he points out:
Nine states have begun using education tax credits to encourage more private spending in lieu of government funds we simply do not have. Unlike vouchers, tax credit programs encourage individuals and businesses to invest their own funds, rather than government money, in K-12 education.
Like all private-school choice programs, these tax credits save large sums — more than $500 million a year in Pennsylvania, up to $180 million in Arizona and potentially billions of dollars over the first five years for many states if they adopt a broad-based education tax credit program. They are also a proven way to increase academic achievement in public schools.
Citizens and businesses want to invest directly in the effort to educate the public, and we should encourage them to do so through K-12 education tax credits. Given our state and local financial outlook, we have no promising alternative.
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