Study Shows Louisiana Voucher Cuts Are Penny Wise, Pound Foolish

August 19, 2016

Penny Wise, Pound Foolish

(Guest Post by Jason Bedrick)

ICYMI, Corey DeAngelis of the University of Arkansas wrote a blog post at Education Next today summarizing the results of a study he conducted with Julie Trivitt on the fiscal effects of the Louisiana Scholarship Program (LSP). The post is worth reading in full, but the main point is this: their study found that the LSP saves taxpayers money.

Governor John Bel Edwards recently cut the voucher program, supposedly in order to save money. However, the new study finds that the cuts actually increase state expenditures. DeAngelis concludes that if Louisianan officials wish to save money, instead of cutting it, they should expand it.

[Note: I initially omitted the “e” in Corey’s name. This is in keeping with the Law of Conservation of Es known to fans of Drs. Green and Wolfe.]