Study: More Money for OH Public Schools = Good for the Economy

Would you support your state in an increase of funding for The Derek Zoolander Center for Children Who Can’t Read Good and Wanna Learn to Do Other Stuff Good Too? 📚🙋🏼‍♂️

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OK, now that we have your attention, analysts believe an increase in K-12 education would lead to significant benefits for the Ohio economy. 💰 Better funding not only helps kids read good, it also leads to a stronger workforce and a decrease in crime. Blue steel! 🕺

Here’s Five Fast Facts on boosting funds for OH public schools:

1. 🏫 Sizing Up - Ohio spends $13,358 per student, per year, which ranks them 19th in the country. New York spends the most ($25,139 a year) and Idaho spends the least ($7,985).
   
2. 🎒 Howdy, Neighbor - Ohio's per-student per-year spending is significantly behind neighboring Pennsylvania, which spends $16,864.

3. 📈 A Record-Breaking Boost -  The Ohio budget for fiscal years 2024 and 2025 allocates a total of $12.97 billion for primary and secondary education. That's an 11.4% increase over the previous two years. This allocation for education is the highest in Ohio's history. 

4. 💵 By the Numbers - Analysts say that if Ohio spent as much as PA on K-12 education, it would result in between $23 billion to $90 billion in economic benefits. Education spending is linked to an increase in test scores, high school graduation, and college attendance. It also leads to a decrease in government assistance costs, incarceration rates, and crime.
   
5. 🎓 That New Grad Swag - According to a report, people who finish high school can expect to earn roughly $322,000 more throughout their lifetime compared to those who don't.

🔥Bottom line: It's no secret that well-funded schools lead to a higher quality education. And higher quality education leads to a higher quality workforce. And a higher quality workforce leads to a better economy. That's math! Curious as to how small business owners really feel about the state of the economy? Head here for all the tea!

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Do you have kids in Ohio's public school system?

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