Advocates for increased privatization of public schools have long contended that private schools could provide equal or better outcomes at lesser costs. To bolster that argument, this EdChoice report asserts that voucher and voucher-like (tax credit scholarship and education savings account) programs have saved state and local treasuries some $12.4 to $28.3 billion dollars as student “switchers” use those programs to leave public schools and enter private schools. However, the report’s findings do not provide a sound base for policy decisions. Included in this review are suggestions for more detailed accounting procedures and more nuanced methodologies for calculating reliable variable student costs.