Our previous post covered SUSD graduates with a focus on high school graduation rates, rates of enrolling in college, and rates of graduating college with a degree. Have you wondered how our school district and its graduates impact the local and state economies?
Did you know it’s possible to put dollar amounts on the economic contributions of SUSD’s graduates? Well, economists at ASU and the Rounds Consulting Group did those calculations.
For every $1 spent on SUSD students in grades K through 12, state and local governments will collect $5 in tax revenue. That means the return on investing a single dollar is 5-fold.
Investing in SUSD’s high school students yields an even bigger return: For every $1 spent on SUSD’s high schoolers, state and local governments will collect $16 in tax revenue.
Economists at the ASU Seidman Institute, which is part of the WP Carey Business School, researched and calculated the economic and fiscal impacts of SUSD and the value of SUSD graduates. You can read their report here: https://www.susd.org/cms/lib/AZ50000436/Centricity/domain/3273/economic%20impact/SUSD_Final-Report_0416.pdf
Curious about the authors? Here is more information about them: https://seidmaninstitute.com/
Economists with the Rounds Consulting Group did a return on investment (ROI) analysis – answering the question how much good are my tax dollars doing in SUSD? You can read their report here:
https://www.susd.org/cms/lib/AZ50000436/Centricity/domain/3273/economic%20impact/FINAL-072423_SUSD_Economic-Benefits-Memo.pdf
Want more information about the authors of the ROI analysis?
Jim Rounds and Luis Cordova are with the Rounds Consulting Group: https://roundsconsulting.com/
Jim Rounds is also affiliated with the Goldwater Institute:
https://www.goldwaterinstitute.org/our-team/jim-rounds/
On August 29th, the authors of the economic report and return-on-investment (ROI) analysis presented their work during that night’s Special Meeting of the SUSD Governing Board: https://www.youtube.com/live/MijJJ03CtAI?feature=shared