![]() When students leave public schools and take their public dollars with them, that wreaks havoc on a school district’s budget, whether or not student enrollment drops, too, as documented here. State aid rerouted from public schools to FES vouchers has a fiscal impact.įPI/ELC estimate for year one of universal voucher implementation: $2 billion for current FES voucher participants and for current public school students who would move to FES vouchers due to income restrictions being removed (details on how these numbers were calculated can be found here). The total remains at $4 billion even with these changes. The committee substitute bill makes changes to the original HB 1 that impacts FPI/ELC’s initial cost estimates. Why is the fiscal analysis price tag so much smaller than the $4 billion estimate provided by Florida Policy Institute (FPI) and Education Law Center (ELC)? Because the FPI/ELC estimates follow a set of key assumptions that were not considered in the House’s fiscal analysis. ![]() As of February 24, the PCS is now the new version of HB1, CS/HB1. The Florida House PreK-12 Appropriations Subcommittee offered a proposed committee substitute (PCS) to HB1 that included a fiscal analysis estimating the universal private education voucher bill will cost $209.6 million in year one for Florida Empowerment Scholarship (FES) vouchers. ![]()
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