With 700,000 students in private schools, vouchers will not add more than a couple hundred thousand students to private schools. Prop 38 will not result in a school building boom. The economics just don't justify it. Tuition doesn't cover the cost of private school education, which means that education does not make a profit. That's why we don't have a for-profit school industry now.
Private schools are the ones with a choice.
They select the best and the brightest, those who are the easiest to educate, those without learning, emotional or behavioral difficulties. Prop 38 offers no choice for the neediest students. Proposition 38 will save taxpayers money. Prop 38 does not permit these funds to come from certain dedicated education monies. Therefore, they will have to come either from existing state services, or additional revenues, i.e., new taxes.