» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 17 | Friday, April 26, 2019

New voucher bill to cost $335M in 5 years

Print | Front Page | Email this story

NASHVILLE (AP) — The Latest on Tennessee's voucher-like legislation moving through the General Assembly (all times local):

12:25 p.m.

Gov. Bill Lee's latest proposal to increase the amount of public dollars that can pay for private tuition and other expenses will cost taxpayers more than $335 million over the next five years.

Lee's bill was originally estimated to cost $125 million to fund the so-called education savings account bill. However, after various amendments and changes, the latest fiscal analysis has the bill's funding total much higher.

The first year would cost the state $771,000, but then quickly escalate over the next five years with year four costing the state $110.6 million and then another $147.5 million by the fifth year.

Under the proposal, families who meet income requirements in certain schools districts could receive up to $7,300 in state funds to spend on private tuition.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0