A 2016 report from EdChoice asserted that tax credit scholarship programs through Scholarship Tuition Organizations (STOs) have saved state treasuries billions of dollars since 1998. The report analyzed savings from tax-credit scholarship programs. However, an academic review of the report questions the calculation method and claims made regarding the estimated financial savings for state governments.
The report, The Tax-Credit Scholarship Audit: Do Publicly Funded Private School Choice Programs Save Money?, was reviewed by Luis A. Huerta and Steven Koutsavlis, Teachers College, Columbia University, for the Think Twice think tank review project. Think Twice, a project of the National Education Policy Center, is funded by the Great Lakes Center for Education Research and Practice.