5 ms·
So the first google hit[1] says Wisconsin spends 16k/year per k12 student[2]. So $325/year is a 2% increase, which is not significantly removed from inflation.
by olliej 3y ago
So the first google hit[1] says Wisconsin spends 16k/year per k12 student[2]. So $325/year is a 2% increase, which is not significantly removed from inflation. Moreover this is an absolute amount, so the % increase will steadily decrease over time.
This $325/student/year funding increase is above nominal 1.8% inflation for 7 years, at which point this "huge annual increase" has become lower than rate of inflation.
A $325/year increase in budget for a hundred years is a funding increase of $32500, from $16000 to $48500. Continuing a fairly conservative assumption of 1.8% inflation, this would mean in a hundred years you've decreased funding by 50%, as simply matching inflation alone would require funding of $98000/student/year.
Inflation is compounding, and like interest, it can result in unexpectedly large changes in total value.
[1] https://www.google.com/search?client=safari&rls=en&q=wisconsin+public+schools+funding+per+student&ie=UTF-8&oe=UTF-8 https://www.google.com/search?client=safari&rls=en&q=wiscons...
[2] https://wisconsinwatch.org/2023/07/is-annual-funding-for-wisconsin-public-school-districts-16000-per-student/# https://wisconsinwatch.org/2023/07/is-annual-funding-for-wis...