Tag Archives: Counting the Cash

Just last week, we were talking about the record number of local school-related tax increases on the ballot and how those increases fit in the context of school finance overall. I even had a reader named Larry write in to correct me on a misspelling of Michael Phelps’ name. I incorrectly thought his name was Michael Phelp (with no “s”). I suppose that’s what I get for not watching swimming. I am dreadfully ashamed of the error, and hope Mr. Phelps (and Larry) can find it in his heart to forgive me. Fortunately, I won’t need to make any swimming references today. Instead, I’d like to continue the conversation on Colorado school finance by briefly highlighting a new issue paper published by my Independence Institute policy friend Ross Izard.

I’m only 5 (almost 6) years old, but I’m no dummy. The reason we all ought to be skeptical of the “it’s for the children” line is the political realities of how the money is spent. In his Pajamas Media column, Greg Forster unravels the uncritical support of our new President’s grand plans to throw billions of dollars at schools as part of a so-called “stimulus” package: I suspect that pretty much nobody in Congress really believes the Keynesian theory. There are two real motivations behind all stimulus bills. First, it creates an opportunity for politicians to claim credit for any good economic news that subsequently comes along. Second, it’s an excuse to shovel money at powerful constituencies, from whom you can later demand reciprocal support. It’s the latter reason that will determine how the new school spending in the stimulus bill will be spent. The money won’t go where it’s needed. It will go to the gravy train.

In recent years we have seen reports from Colorado’s major newspapers – like this one from 2008 in the Rocky Mountain News – reacting to the release of Education Week‘s Quality Counts survey. The survey uses an assortment of measures in school finance, student achievement, accountability and more to come up with state-by-state scores and letter grades for comparison. Last year, Colorado overall ranked 38th with a low C. This year, Colorado overall ranks 37th with a low C. Maybe that’s why we haven’t seen any news stories yet. But trust me, I’m not complaining about this fact. Why do I say that? Check out legal scholar and philosopher Stuart Buck’s quick work of deconstructing Quality Counts. First, the humorous: In fact, the report reminds me of the old joke (I can’t remember who to credit for this) of a beggar sitting on the streets of New York, with a sign reading, “Wars, 2; Legs Lost, 1; Wives Who Left Me, 2; Children, 3; Lost Jobs, 2. TOTAL: 10.” Well, obviously, the number “10″ doesn’t represent ten of anything.