After recent experimental evidence suggesting that private school students using the Louisiana Scholarship Program (LSP) performed worse than their public school peers in math, some legislators discussed cutting the program as a way to reduce state education expenditures in Louisiana, spinning it as a way to save taxpayer money. While cutting the program would save money by reducing voucher expenditures, it would also increase state education costs by displacing students from private schools into district schools. This study provides a range of estimates of the short-run net fiscal effect of canceling the LSP. In our most plausible scenario, we find a negative impact on the state budget unless at least 21% of current voucher users stayed in their private schools and paid tuition without the benefit of the voucher. In the projections that assume 10% of students remain in private schools without the program, eliminating the LSP would increase state education expenditures by approximately $6.3 million the first year, or roughly $900 per displaced student.