New Study: School Vouchers Net Taxpayers $1.62 for Every $1 Allotted
By Matt Rooney | The Save Jersey Blog
We’ve talked a lot in recent years about the alarming level of waste in public education, Save Jerseyans. Frankly, I wouldn’t even give as much of a damn if we were getting a return on our dollar. But we’re not.
Are you ready for a better investment that helps both students AND your bottom line? The results of a new study discovered a profitable surprise for taxpayers derived from the District of Columbia’s voucher program (h/t ChoiceMedia):
This new review of the OSP’s cost effectiveness was conducted by Patrick Wolf, a professor of education reform at the University of Arkansas and Michael McShane with the American Enterprise Institute and also with the department of education reform at the University of Arkansas.
The two based their analysis on data provided from the official U.S. Department of Education evaluation of the program.
The numbers, says McShane, make it very clear: true school choice pays off.
There was a total benefit of about $183 million dollars because there are about 420 graduates walking on the streets of our nation’s capital because of this program that wouldn’t been there otherwise. And because the program only cost about $70 million to execute, we saw a benefit of about $2.62 for every dollar that was spent on the program.
Imagine how much New Jersey’s taxpayers could save if the Trenton Democrats would finally move on the forever-languishing Opportunity Scholarship Act? As this study’s results make plain for all, school choice policies are a profitable investment for everyone involved.
