STUDY FINDS THAT EACH AACPS GRADUATING CLASS ADDS MORE THAN $1.8 BILLION TO LOCAL ECONOMY
class of seniors graduating from Anne Arundel County Public Schools adds more
than $1.8 billion in value to the local economy, a study commissioned by
the Board of Education shows.
The study, done by the Business Economic and Community Outreach Network
(BEACON) at Salisbury University, examined four factors: the economic and
employment impact of school system operations, the economic value of degrees
awarded, the impact of the school system on economic development, and the school
system’s role in the reduction of public costs such as crime, health-care, and
welfare. Among its other conclusions, the study also found that every dollar in
operational budget spending results in total local spending of $1.36, and every
dollar in capital budget spending results in $1.46 in total local spending and
$1.48 in total spending in Maryland.
study at a glance