From a Rep.

posted May 13, 2012, 1:39 PM by Bill Duncan   [ updated May 14, 2012, 4:00 AM ]
From the Legislator

The current student voucher propoal is that it is paid for by a source other than the local property rax.  I beleive it actually uses Business Enterprise Tax dollars.  That sounds innocent enough, but the BET is  only slightly different from... hold on to your hats...a personal income tax.  This could lead to further changes in our antiquated tax system.


Response

Yes, the vouchers start out being paid for by tax credits against both the BPT and the BET but the program then takes as much of the money as possible back from the school districts, so it ends up being paid for by the local property tax.  If you accept the sponsors' assertion that the program would be revenue neutral, even over the long term, then the whole program is funded by the local property tax.  

In reality, the amount from each source could vary but, in the end, it's millions in public money applied to the goal of privatizing our public schools -  not something we need to be paying for. 

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