The Florida Voucher Cap Cost Limit Allows for a Stunning Rise to Almost $1 Billion


When a Florida superintendent of schools said last week that the expansion of Florida’s voucher program would rise to $1 billion in five years, he knew what he was talking about. From the text of SB 1620:

Scholarship Funding Tax Credit Cap Limits.—The Department of Revenue may approve annual tax credit amounts under s. 1002.395 or s. 1002.396 until the sum of such approvals under both sections combined reaches the following limit:

(1) Beginning in the 2014-2015 state fiscal year, the limit is $390 million.

(2) In the state fiscal year immediately subsequent to the

first state fiscal year in which the sum of annual tax credit amounts under ss. 1002.395 and 1002.396 is equal to or greater than 90 percent of the limit set forth in subsection (1), the limit is $475 million.

(3) In the state fiscal year immediately subsequent to the first state fiscal year in which the sum of annual tax credit amounts under ss. 1002.395 and 1002.396 is equal to or greater than 90 percent of the limit set forth in subsection (2), the 1110 limit is $590 million. 1111

(4) In the state fiscal year immediately subsequent to the first state fiscal year in which the sum of annual tax credit amounts under ss. 1002.395 and 1002.396 is equal to or greater than 90 percent of the limit set forth in subsection (3), the limit is $730 million. 1116

(5) In the state fiscal year immediately subsequent to the first state fiscal year in which the sum of annual tax credit amounts under ss. 1002.395 and 1002.396 is equal to or greater than 90 percent of the limit set forth in subsection (4), the limit is $873.6 million.

Scathing Purple Musings wrote yesterday about the incestuous relationship that exists among the Scholarship Funding Organizations in the state. Palm Beach Post reporter John Kennedy points out this morning that these organizations intake in taxpayer money will triple.

Its not clear who wrote the bill which republican House Speaker Will Weatherford first announced. With voucher advocates balking at being held to the same test-based standards as Florida’s public school children are held to, its fair to wonder who these advocates are really advocating for.

About Bob Sikes

A long time ago and a planet far, far away I was an athletic trainer for the New York Mets. I was blessed to be part of the now legendary 1986 World Series Championship. My late father told me that I'd one day be thankful I had that degree in teaching from Florida State University. He was right and I became twice blesses to become a teacher in the late 1990's. After dabbling with writing about the Mets and then politics, I settled on education.
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