My next business venture
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:
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..
Posted by: DAVID HINKLE | May 02, 2006 at 09:40 AM