OCR Text |
Show 1 fiscal Impact Itis estimated that the tax credit provided by Initiative C would reduce revenue to public education by approximately $3.6 million mally, if the amount of the funding unit stays at tl.204.This estimate is based on the 1987 enrollment of students in agnized private elementary and secondary schools and assumes ait the maximum credit of $602 would be claimed for each elementary student and the maximum credit of $722.40 would be claimed for each secondary student. It does not include the loss that may occur from students in home schools. If enough students leave the public schools, the amount of revenues needed to fund public education would be reduced. There is no way to reasonably estimate how many students would leave the public schools if Initiative C passes. Page 29 |