TUITION TAX CREDIT
STUDY
A proposal that would allow parents of students who transfer to
private schools from South Carolina public schools to receive tax
credits would mean more money going to public schools, according to
a study by a Clemson University researcher.
About the plan
• Gov. Mark Sanford’s “Put Parents
in Charge Act” would allow parents to receive an education tax
credit on property and income taxes.
• The tax credit could be used
toward private education, home schooling or the cost of transferring
a child to another school district. The plan would be phased in over
five years.
Study findings
• As students leave, a school
would lose only a portion of the money it would have received for
those students, leaving more money for fewer children.
• More than 42,000 students would
claim tax credits over a five-year period if they are available.
• By 2010, schools would receive
$315 more in per-pupil spending with the governor’s plan than
without it.
• The plan would create a more
competitive environment for education and result in improvement in
public schools.
Supporters say
“Our proposal ... provides more money for each child on the
public education side of the marketplace.”
— Gov. Mark Sanford
Opponents say
“South Carolina taxpayers won’t have a clue how their tax dollars
are being spent, and that’s a recipe for disaster.”
— Jim Foster, spokesman for the state Department of
Education, saying the governor’s plan requires no accountability
from private schools that would be receiving public dollars
Who is behind the study
• The $55,000 study by Clemson
University economics professor Cotton Lindsay was commissioned by
the Legislative Education Action Drive Foundation, a national
advocate for school choice, and the South Carolina Policy Council, a
conservative, Columbia-based think tank.
The Associated
Press |