Should Colorado enact a K-12 scholarship tax credit program that empowers families to choose private schools? It may sound crazy politically, yet the idea would make sense not only to expand choice for families but also to help the state save money during an especially tough budget year.
What, you say, you don’t believe that it could save Colorado money? Then you simply have to take a look at this: As the Center for Arizona Policy reports, an analysis by Baylor University economist Dr. Charles North shows that Arizona’s education tax credit program saves their state somewhere between $100 million and $240 million!
Arizona’s experience shows that there is a demand out there among families for something better, and that providing the right kind of tax credit incentive can help provide a quality education to more students more efficiently than the existing system. It’s time for Colorado to take a closer look.