Approximately 85% of local property taxes go to Oklahoma's education system. This money is in addition to approximately 3.5 billion dollars that we appropriate for common and higher ed and does not include the amounts from all other sources such as some federal grants. A report by the Oklahoma Council of Public Affairs demonstrates that Oklahoma taxpayers probably spend more than $10,000 per year for each student.
Oklahoma should offer a $4,000 tax credit to those parents who choose to educate their children in the private sector where they can receive a more cost-effective education. This would empower parents with the ability to determine where their children receive an education (one of the most important choices a parent will make), and would save taxpayers thousands of dollars per student. This very practical move could allow dramatic reduction in property taxation and would take a tremendous amount of pressure off the public education system because the schools' case loads would be reduced.
Monday, June 8, 2009
School choice could spur property-tax cuts
In order to have true property-tax reduction and reform, "we must address the problem at its source," writes state Rep. Jason Murphey (R-Guthrie), chairman of the House Government Modernization Committee: