February 14, 2023

Florida SB 202 (2023): Potential Fiscal Impacts

*Note this blog was updated on March 1, 2023, to include information on the fiscal impact of SB 202. Cost estimates as of March 1, 2023 on CS/HB 1 can be found here.

The Florida Senate has introduced legislation that would create a universal private education voucher program (SB 202), broadening eligibility in the current program to include all K-12 students in the state.

Even under conservative estimates, Florida Empowerment Scholarship (FES) vouchers would cost the state about $4 billion in the initial year of SB 202 implementation. This does not include costs for the proposed expansion of the Florida tax credit scholarship vouchers ($568 million in 2021-22).

Education Law Center and the Florida Policy Institute estimate the following costs to Florida taxpayers from SB 202:

  • $1.1 billion for 124,063 students currently receiving Family Empowerment Scholarship (FES) vouchers
  • $890 million for 104,477 new FES vouchers for current public school students once the family income cap is lifted
  • $1.9 billion for 219,017 new FES vouchers for current private school students newly eligible for vouchers
  • $85 million for 10,000 new FES vouchers for homeschooled students newly eligible for vouchers

State and Local Fiscal Impacts Under SB 202

Download county projections

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