EXECUTIVE SUMMARY

  • Corporate tax credits, or “neovouchers”, have not generated the savings promised in the seven states that have implemented similar legislation.
  • Neovouchers will drain hundreds of millions of dollars from the public school system in the first 5 years of implementation.
  • Education reforms should focus on the public schools which educate the overwhelming majority of students, particularly given that student achievement is higher in public schools than in private schools when demographic factors are taken into account.