My next business venture

John informed me:

Sol Stern of the Manhattan Institute, a distinguished educational expert, notes that the budget for public schools in New York City is over $17 billion. That’s about $15,000 per pupil. Meanwhile, the Archdiocese of New York is closing 14 Catholic schools because it cannot support them on a tuition of $3,000 per year. Nobody disputes that the Catholic schools provide, by every measure of achievement, a much superior education.

Let's get out our spreadsheets and have some fun. 

Suppose there was a 100% voucher system and I wanted to start my own private scool, grades K - 8, 20 pupils per class, 2 classes per grade.   Let's go crazy with really high pay for teachers, nice office rent rate, reasonable administration, computers for everybody, expensive extracirricular activities, busing (a Wild Ass Guess, I admit), and $5.00 lunches (way, way, way more than they spend at my kids' school!).  Then let's throw on an extra 10% just to make sure we haven't left anything out.

Revenue:
Gross $ per pupil	# pupils/class	# classes	Total Rev
15,000	20	18	5,400,000
Expenses
Teacher salary	18	70,000	1,260,000
Teacher benefts	18	10,000	180,000
Computers	383	250	95,750
Rent	18,000	20	360,000
Admin salary	5	50,000	250,000
Admin benefits	5	10,000	50,000
Admin rent	1,000	20	20,000
Student ext'r fees	360	874	314,730
Busing	360	779	280,584
Lunch	70,146	5	350,730
Internet & software	360	100	36,000
Supplies	18	2,000	36,000
Misc - 10%	3,233,794	0	323,379
Total expenses			3,557,173
PROFIT FOR ME!			1,842,827

I'm rich! 

I cannot wait for the Republicans to take over and break the monopoly of the NEA.  No, wait....

Play with this yourself:

Download school_spreadsheet.xls

Comments

[DAVID HINKLE]

put the mexicans into our system let them pay taxes like i have to. then they'll all go back to mexicowhen half their pay goes to gov. waste..