In June, the OSSTF released a "report based on research by the Conference Board of Canada as evidence that provincial cuts to public education will impact high school graduation rates and lead to higher fiscal costs for the Ontario Government.
The report's key findings include:
- Each dollar invested in public education generates $1.30 in total economic impacts to Ontario. As the same time, the inverse holds true for each dollar taken from public education.
- Increased investment in public education that lifts Ontario's high school graduation rates to 90.0 percent, matching the highest in the country, could generate average fiscal savings of $16.4 million per year on social assistance, health care, and criminal justice. That could accrue to total savings of $3.5 billion over the course of two decades.
- In a reverse scenario, where high school graduation rates instead fall to 82.6 percent, Ontario would spend an additional $18.0 million each year on these programs. Over a 20-year period, that could amount to total fiscal costs of $3.8 billion.
- Each additional high school graduate saves the Ontario government (on average) $2,767 each year on social assistance, health care and criminal justice, while each additional high school non-completer costs the province $3,128 each year.
- Public education can generate social benefits, such as a healthier population, a higher standard of living, and a reduction in crime. That lessens demand for Ontario's social assistance, public health care, and criminal justice services."
For more information about this report visit https://betterschoolsstrongereconomy.ca/
The report's key findings include:
- Each dollar invested in public education generates $1.30 in total economic impacts to Ontario. As the same time, the inverse holds true for each dollar taken from public education.
- Increased investment in public education that lifts Ontario's high school graduation rates to 90.0 percent, matching the highest in the country, could generate average fiscal savings of $16.4 million per year on social assistance, health care, and criminal justice. That could accrue to total savings of $3.5 billion over the course of two decades.
- In a reverse scenario, where high school graduation rates instead fall to 82.6 percent, Ontario would spend an additional $18.0 million each year on these programs. Over a 20-year period, that could amount to total fiscal costs of $3.8 billion.
- Each additional high school graduate saves the Ontario government (on average) $2,767 each year on social assistance, health care and criminal justice, while each additional high school non-completer costs the province $3,128 each year.
- Public education can generate social benefits, such as a healthier population, a higher standard of living, and a reduction in crime. That lessens demand for Ontario's social assistance, public health care, and criminal justice services."
For more information about this report visit https://betterschoolsstrongereconomy.ca/