"The School Choice Scholarship Act will save a significant amount of money for New Hampshire taxpayers, but much more important, it will provide more children with more opportunity."
(CONCORD) The School Choice Scholarship Act would save New Hampshire taxpayers more than $8 million over the next two budget cycles, according to a newly published study by the Josiah Bartlett Center for Public Policy. The legislation would allow businesses to take a tax credit for donations to scholarship organizations which award School Choice Scholarships to lower income parents looking for alternatives to their local public school.
"Over the next four years, the School Choice Scholarship Act would save nearly $8.3 million in the state budget alone," concludes Josiah Bartlett Center President Charlie Arlinghaus, who authored the report. "By leveraging modest tax credits to shift a small number of students out of their current public schools, we greatly reduce the amount of taxpayer money we need to spend at the state and local level."
The New Hampshire Senate has approved SB 372 by a vote of 15-9. The New Hampshire House will soon consider HB 1607 with a 16-5 recommendation from the Ways and Means Committee.
"The School Choice Scholarship Act will save a significant amount of money for New Hampshire taxpayers," Arlinghaus added. "But much more important, it will provide more children with more opportunity."
Read the entire report online at JBartlett.org. This report is free for use with attribution to the Josiah Bartlett Center for Public Policy, New Hampshire's free market think-tank.