1. Mt Albert Grammar Principal Patrick Drumm is thankful for the school being allocated $30million to establish 22 new classrooms and accommodate 600 extra students.
So … an establishment cost of $50,000 per student.
2. Drumm notes that a new State school establishment for 600 students would cost $250million.
So … an establish cost of $416,666 per student.
3. If the new Charitable Company I am involved with is awarded the four wonderful Charter schools we have proposed that establish cost would be well under $9million (at a rough, but experienced, guess) for 1,160 students.
So an establishment cost of $7,758 per student.
The ongoing interest (or opportunity) costs, at 5%, for 5 years are:
MAGS: $1.5m per annum (600 students) i.e. $2,500 per student – 5 year total $7.5m
New State School: $12.5m per annum (600 students) i.e. $20,833 per student – 5 year total $62.5m
Education 710+: $450,00 per annum (1160 students) i.e. $387 per student – 5 year $2.25m
Just on establishment and the first 5 years these Charter Schools (for equal numbers) would save the taxpayer:
$32,623,000 against the MAGS situation.
$307,613,000 against the State new school situation (i.e. over twice the cost of the 15 proposed new Charter Schools over four years).
The Charter schools then operate at the same per student cost for similar sized and demographics State Schools – and have actual performance targets to meet.
You will probably not hear this from the teacher unions or the Labour Party.
I knew my Economics degree would be useful at some point.
Alwyn Poole, a well-known figure in the New Zealand education system, he founded and was the head of Mt Hobson Middle School in Auckland for 18 years. This article was sourced HERE
1 comment:
Our entire education system is snared in a destructive ideology. Always the answer to any educational problem is more money thrown at it.Yet this century NZ spent more on education than any other OECD country. All that happened was a further decline in academic standards.
What is required is effective teaching methods, teaching of knowledge and more discipline of children. But this is entirely counter to the prevailing ideology. Part of the wicked plan of the ideology ,in primarily developing socialism ,is to produce a large uneducated underclass who are dependent on the government for many aspects of life including welfare.
Educating children to be independent, strong , individual thinkers who contribute to society was never part of the ideology's plan.
All the best in your efforts in overthrowing the evil ideology.,Alwyn. It is so important for our future.
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