Tax Credits: Fair & (Budget) Balanced

Posted on December 18, 2008 In Blog

We, at the OU, have long said that education or tuition tax credit programs are not only fair to those middle class parents who pay their taxes on schools they aren’t using, but that they are a good policy as well.

And finally, a nonpartisan, independent watchdog agrees. The Florida Legislature’s GAO issued a report that tags the state savings at nearly $40 million last year due to its corporate tax credit voucher program.

In today’s budget environments, the Florida report ought to be required reading at statehouses and on Capitol Hill. A link to the St. Petersberg Times reporting is here; a link to the full GAO report is here.