Better Schools through Choice and Competition
37% of the state budget ($14 billion) goes to public schools. In addition, for many homeowners, two-thirds of their property taxes go to local schools. It is clear that public school spending is enormously expensive. Education is a product and a service; as such, the best quality at a reasonable cost is achieved through choice and competition.
To lower cost while maintaining or improving quality:
Freeze state-level funding at 2015 levels
Allocate state-level funding equally among NJ students, which will increase the funding going to parents in District 39
Have the money go to the parent, who can choose to use the funds for a traditional public school, charter school, or private school
- Allow tax credits for school-related expenses on state income tax
- Allow tax-exempt Education Savings Accounts
- Use the savings from these fixes to reduce the state income tax burden.
- Use the increase in District 39 funding to reduce the school portion of property taxes.