phone.png  414-319-9160        email.png  scw@parentchoice.org

Districts Receive Undue Dollars With New Voucher Funding Model

Starting in 2015-16, new RPCP and WPCP students’ vouchers will be funded similar to the open enrollment. While this ensures there is no voucher amount reduction, public districts unfairly receive a subsidy for students they do not educate due to revenue limit counting purposes.

Below are some models showing how much “skim” would go to public districts throughout the state under varying enrollment projections.

Approximately 75% of voucher students are in grade K-8 and 25% in grades 9-12. Using the current voucher amounts of $7,210 and $7,856, we can estimate how much undue funding public districts will receive.

2,000 Voucher Students

Students                     Revenue Amount

2,000              X          $10,036                      = $20,072,000

Students                     Voucher Amount

1,500 K-8       X          $7,210                                    = $10,815,000

500 9-12        X          $7,856                                    = $3,928,000

TOTAL                                                                        = $14,743,000

TOTAL SKIM = $5,329,000: the cost of approximately 710 vouchers

5,000 Voucher Students

Students                     Revenue Amount

5,000              X          $10,036                      = $50,180,000

Students                     Voucher Amount

3,700 K-8       X          $7,210                                    = $26,677,000

1,250 9-12     X          $7,856                                    = $9,820,000

TOTAL                                                                        = $36,497,000

TOTAL SKIM = $13,683,000: the cost of approximately 1,824 vouchers

10,000 Voucher Students

Students                     Revenue Amount

10,000            X          $10,036                      = $100,360,000

Students                     Voucher Amount

7,500 K-8       X          $7,210                                    = $54,075,000

2,500 9-12     X          $7,856                                    = $19,640,000

TOTAL                                                                        = $73,715,000

TOTAL SKIM = $26,645,000 the cost of approximately 3,552 vouchers

The graph below shows the disparity between the revenue limit amount and the voucher amount. The red bars represent the ”skim” a public district gets when a pupil transfers to a choice school via a voucher. 

 

undue_voucher_chart.png



Tags:
Category:

Please add a comment

Archive

2015

2016

2017

© Copyright 2013 School Choice Wisconsin. All Rights Reserved

ew-40.png