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re: GATOR scholarship bill successfully gets through LA subcommittee
Posted on 3/26/24 at 10:41 pm to LSUFanHouston
Posted on 3/26/24 at 10:41 pm to LSUFanHouston
LINK
This article is a good summary.
Also, as to your point about subsidies increasing prices. Yes, according to basic microeconomics, subsidies increase equilibrium price, but the price increase is less than the subsidy amount, due to the upward sloping supply curve. As price increase, so does supply.
This article is a good summary.
Also, as to your point about subsidies increasing prices. Yes, according to basic microeconomics, subsidies increase equilibrium price, but the price increase is less than the subsidy amount, due to the upward sloping supply curve. As price increase, so does supply.
Posted on 3/26/24 at 10:57 pm to HailHailtoMichigan!
quote:
Switchers generally yield fiscal savings to taxpayers because they are opting out of a higher-cost public school that they otherwise would have attended without the program. By contrast, non-switchers are a pure cost to taxpayers, because, under the program, taxpayers are now paying for an education that the non-switcher student’s household would have otherwise purchased.
That is EXACTLY the issue. The article also points out that LA has a higher percentage of students already in private schools (i.e non-switchers)
If I'm reading the article correctly, it estimates net cost to the state, on the low end, of $150M and on the high end, $400M, annually.
And while that is a small percntage of the money the state spends each year on total public school spending (and an even smaller percentage of the state budget), it's still $150 - $400 million a year in new spending, which must be paid for with taxes (bleh) or other spending cuts (cool... what are we cutting).
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