There are 48 community colleges in Illinois, making it the third-largest community college system in the country. In fiscal 2020, the total economic output of Illinois community colleges on the statewide economy is estimated at $3.5 billion and 43,316 jobs.
Is this another study, similar to the one about pensions, where one side argues the economic impact of something without measuring opportunity cost? If the total economic output of community colleges is $3.5B at a cost of $1.3B, isn’t the question if that $1.3B could have generated a better return if spent elsewhere? I’m not saying community colleges aren’t a good investment, just how they measure that investment. The report showed in fiscal 2020, the total economic output of Illinois community colleges on the statewide economy is estimated at $3.5 billion and 43,316 jobs. During that time, the schools directly… Read more »
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Is this another study, similar to the one about pensions, where one side argues the economic impact of something without measuring opportunity cost? If the total economic output of community colleges is $3.5B at a cost of $1.3B, isn’t the question if that $1.3B could have generated a better return if spent elsewhere? I’m not saying community colleges aren’t a good investment, just how they measure that investment. The report showed in fiscal 2020, the total economic output of Illinois community colleges on the statewide economy is estimated at $3.5 billion and 43,316 jobs. During that time, the schools directly… Read more »