On January 2, 2005, Governor Jeb Bush signed House Bill 1-A (HB 1A) into law, which created Florida’s Voluntary Prekindergarten (VPK) Program.  Using the policy instruments of regulation, finance, and support services, the VPK program is analyzed.  The likely consequences of the VPK program on the criteria of freedom of choice, productive efficiency, equity, and social cohesion based on specific benchmarks are predicted using the analysis of the policy instruments. The Florida VPK program appears to favor the principles of freedom of choice and efficiency at the expense of equity and social cohesion.