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#96 Fiscal Impact of Proposed Tuition Tax Credits for the State of New Jersey
96 Fiscal Impact of Proposed Tuition Tax Credits for the State of New Jersey Author:Joseph L. Bast This study reports the results of an independent examination of the likely fiscal impact of two proposed tuition tax credit plans for New Jersey. The author was not asked to comment on any aspect of these bills other than their likely fiscal impacts on the state of New Jersey. This report neither endorses nor questions the specific language or d... more »esign features of the proposed legislation. The combined effect of the two tax credits under consideration would be to increase private school enrollment by 40 percent by prompting 7 percent of students currently enrolled in government schools to transfer to private schools. State tax revenues would decline $585 million. Falling public sector enrollment would generate avoided costs of more than $1.065 billion, for net annual savings to the state treasury of $480 million.« less