Posted under Education Politics & School Choice & School Finance & State Legislature
The Denver Post’s website yesterday published an opinion column by Alliance for Choice in Education executive director Norton Rainey, decrying the “unsurprising” but disappointing defeat of House Bill 1296:
HB 1296 would have provided low-income families with an annual $1,000 tax credit for enrolling their child in a private school. The bill would also have provided a grant of $1,000 to any public school that loses a student to a private school as a consequence of the tax credit.
The legislation would have given low-income families a financial incentive to send their child to a private school, reduced public school class sizes as more children took advantage of the tax credit, and provided public schools with a $1,000 grant to help them give the children that remain a better quality education.
What’s more, HB 1296 would have saved the state millions of dollar, according to the official fiscal note prepared by Legislative Council: $4.9 million in savings for the first year, $6.9 million in the second year, and as much as $26 million by 2022. [link added]
