(Guest Post by Matthew Ladner)
We had a wonkapolooza on ESAs at the American Enterprise Institute earlier this week! What- you had a friend in from out of town and couldn’t make it? Ah well not to worry the video is here:
On the first panel, our discussant MI’s Max Eden advised tapping on the expectations brakes, noting a number of practical difficulties. The biggest of these difficulties was summarized by Adam Peshek’s slide:
So, yeah, this slide basically shows 70,000 ish Florida tax credit students using approximately 1,500 vendors (private schools). Meanwhile the Gardnier Scholarships programs had south of 1,600 students, but those 1,600 students made **ahem** almost 11,500 purchases. A new set of practices and techniques will be necessary to administer such a system.
Fortunately we have practices from other policy areas to draw upon and companies highly adept at account management and oversight from Health Savings Accounts and others. It’s going to take time. In the paper and presentation I referenced the Greek myth regarding the birth of Athena- who sprung from the skull of Zeus not only fully grown, beautiful and powerful but also clothed and even armed for battle!
Alas outside the realm of myth we have little choice but to engage teams of people to grind on problems over time, as ESAs did not emerge fully formed from the mind of some mighty being as a finished product. Evolutionary improvement and innovation may not make for as good of a story as the goddess of wisdom springing forth, but for us mere mortals it will have to do. I’m anxious to see what happens next.
Anyway- great event and thanks especially to our friends at AEI for hosting it. Also make sure to see Anna Egalite’s guest blogging on RHSU on ESAs and also Jonathan Butcher’s new report on mobile payment systems and ESAs for the Goldwater Institute. Also Heritage President Jim DeMint tells a Texas suffering from parental choice dehydration to jump on in, the school choice water is fine!