The current structure of the program saves the District almost $8 million, mostly because it is federally funded and includes a federal grant to public schools.UPDATE: Cato has a page on their website about the report here.
"But if the program were locally funded, the city would still save more than $250,000, even without federal grant subsidies, because of the greater efficiency of school choice," Miss Aud said.
Wednesday, February 01, 2006
Study recommends changes to DC's voucher program
The Cato Institute and Milton & Rose D. Friedman Foundation have released a study focusing on the DC voucher program. Their conclusion: the program saves the District money but would be better off eschewing federal funding and opening the program up to all District students.