Study: $3.2B in Economic Benefits with the growth of school choice

Wisconsin Institute for Law & Liberty:

On the first day of National School Choice Week, a new study (here) estimates how further growth of Wisconsin’s parental choice programs could result in $3.2 billion in new economic benefits to Wisconsin over the next two decades. Ripple Effect, authored by Will Flanders, PhD, builds upon a recent study which documented how students in MPCP are more likely to graduate from college to extrapolate the economic gains to Wisconsin if the parental choice programs were expanded.

Broken down, Wisconsin’s cities could expect to see:

  • $100 million in economic benefits for Madison

  • $75 million in economic benefits for Green Bay

  • $60 million in economic benefits for Appleton

  • $24 million in economic benefits for La Crosse

Kenya’s Story: These economic gains can be understood through Kenya Green. As a child in Milwaukee, she struggled at Milwaukee Public Schools. By the time she was in eighth grade, she was close to giving up, seemingly forced to attend unsafe, low-performing MPS schools. But through the Milwaukee Parental Choice Program, she discovered HOPE Christian Schools, which transformed her life. The school gave her the rigorous academics and the structure she needed. After graduating from HOPE, she attended Wisconsin Lutheran College, graduated, got a job, and is now in school to become an aesthetician.

Madison’s taxpayer supported K-12 school district, despite spending far more than most, has long tolerated disastrous reading results.

In addition, Madison recently expanded its least diverse schools.

2011: A majority of the Madison School Board aborted the proposed Madison Property Academy IB charter school.

Voucher schools spend far less per student than traditional government supported schools. Traditional K-12 School Districts capture local (property), redistributed state and federal funds, while voucher schools largely survive on state taxpayer funds.