Wake County Schools

Study: Good schools good for local economy

Posted December 8, 2015

Map Marker  Find News Near Me

— The investment in public education is directly benefiting the local economy, according to a new study commissioned by the Wake County Public School System and WakeEd Partnership.

"This study is confirmation of how important our local public schools are to this entire community," Superintendent Jim Merrill said Tuesday.

With 18,000 employees, the school district is one of the county's largest employers, and Adrienne Cole, executive director of Wake County Economic Development, said every $1 million spent on school construction projects creates about 10 jobs.

The report, which was prepared by North Carolina State University economist Mike Walden, found that each recent graduating class generated between $1.4 billion and $1.6 billion in additional lifetime income.

All of those graduates save taxpayers up to $639 million in welfare, crime and health care costs, and they add more than $86 million to local property values, according to the report.

Merrill said those numbers are sure to rise as the school system tries to increase the graduation rate to 96 percent by 2020.

The district and WakeEd Partnership split the $9,000 cost of the study, which was the first of its kind locally. Merrill said he wants taxpayers to know what kind of return they're getting for their investment.

"It's important for folks to realize that good schools improve the communities where they exist," he said. "For those who refuse to accept or don't want to consider that, I guess that's why I always say we're not always a consumer of public federal, state and local dollars. We also provide a return."

The study was commissioned with taxpayers in mind, he said, not as a way to sway legislators.

"This really wasn’t a strategy for more funding," he said. "It's important information and should make citizens feel better about where tax dollars go."


Please with your WRAL.com account to comment on this story. You also will need a Facebook account to comment.

Oldest First
View all
  • Pat Trisha May 8, 3:14 p.m.
    user avatar

    You know I always wondered about the relationship of schools to the economy. Did anyone ever think that bad schools meant a good economy.

    Now we just have to get this HB2 thing repealed so we can have good schools, a good economy, and class entertainment acts come to the Triangle like cirque du soleil, Elton John, Melissa Ethridge, George Michael and the Indigo Girls.

  • Will Sonnett Dec 9, 2015
    user avatar

    It is odd that this story comes out at the same time that it is revealed that WCPSS over-estimated growth and that more families are opting for choices other than traditional public schools - and let us not forget that the Superintendent "met" his undisclosed goals and was rewarded with a raise.