I'm not sure people are aware how little funding our public schools have. Funding per student for Garfield High School here in Seattle is only $5,600 per student.
2 plus ones
Shared publicly•View activity
View 19 previous comments
- Right. Can we agree that increasing school funding is inefficient though? That is, if the school is run down and teachers don't want to go there, then cleaning it up will help a lot... but if you have basic and decent schools, then increasing the budget won't increase student scores by much... once you account for the fact that richer schools attract different students... Richer schools will have a Keynesian effect though.Feb 1, 2013
- I don't agree offhand that increasing school funding in the US is inefficient, no, but I think that would be an interesting discussion to have. Do you want to discuss that?
I'd say the strongest evidence that it isn't inefficient is the CBO's report that education still has an ROI of 10% (see http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/91xx/doc9136/05-07-infrastructure_testimony.pdf). It may hit diminishing returns at some point, but we're not there yet, and I'd say the fact that private schools are at least x3 current public school spending in the US indicates we have a lot way to go before we hit diminishing returns.
I'd add that, with T-bills at 2%, the government would be foolish (and is being foolish) to not borrow at 2% when it can get a 10% return on its investment. We should be doing that until diminishing returns drops the ROI to near the borrowing costs, and that would mean a lot more education funding than we currently do.Feb 1, 2013
- We see funding at around the same levels for public and private schools in Philadelphia that you do there, Greg. With a fairly fine-grained understanding of the issues here, I believe you are entirely correct in your observations as they apply to urban school districts generally.Feb 1, 2013
- http://www.calwatchdog.com/2010/07/26/new-admin-costs-crowd-out-teaching/ (My numbers above were indeed for particular highly variant districts.) Administrative costs and capex (unlike pensions which may get allocated elsewhere) are quite relevant to final classroom allocation.Well, on a statewide-basis, the capex numbers in Cal are at least enough to bring expenditures below average to above average.
Obviously, full accounting for public funds should not be predicated on the sliver of private school dollars being announced by the same rules.
OK, I think I've derailed your thread enough. :)Feb 1, 2013
- Can we at least agree that your 10% is an average so that it might be 20% at some places and 0% at others?Feb 1, 2013
- Sure. Not sure what the distribution looks like, but yes, the estimates the CBO is referring to put the ROI of education spending at 10% on average, probably varying from place to place.Feb 1, 2013
Add a comment...