The Costs of Expanding Spending on Schools

It’s widely assumed that spending on education has economic benefits. College graduates earn more than high school graduates, who earn more than drop-outs. And if we look at the point of view of society, there’s an economic benefit from more levels of education. (On the other hand, the costs exceed the benefits at some point: It makes no economic sense to fund a Ph.D. program for every child.)

But spending on education as an abstraction is not the same thing as spending for a particular school or a particular project for that school.

In that light, Bob Weeks offers some thoughts on the finances of USD 295 Wichita. He responds to the proposition that Wichita received “a tremendous value” from the last bond issue/tax increase.  Given the anemic academic performance of USD 259, the validity of the “tremendous value” claim is not entirely clear, especially when alternate uses of the money are considered.

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