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Excerpted from FORBES
Christina Settimi 07.05.07, 6:00 PM ET
More spending doesn't necessarily buy you better schools. With property taxes rising across the country, we took a look at per-pupil spending in public schools and weighed it against student performance--college entrance exam scores (SAT or ACT, depending on which is more common in the state), exam participation rates and graduation rates.
Winners in this rating system are counties whose schools deliver high performance at low cost. The losers spend a lot of money and have little to show for it.
Marin County, Calif., provides the best bang for the buck. In 2004 Marin spent an average of $9,356 ($6,579 adjusted for the cost of living relative to other metro areas in the U.S.) per pupil, among the lowest education expenditures in the country. But in return Marin delivered results above the national average: 96.8% of its seniors graduated, and 60.4% of them took the SAT college entrance exam and scored a mean 1133 (out of 1600).
The others in the top five are Collin, Texas; Hamilton, Ind.; Norfolk, Mass.; and Montgomery, Md. . .
Using research provided by the Tax Foundation, a nonpartisan tax research group based in Washington, D.C., Forbes began with a list of the 775 counties in the country with populations greater than 65,000 that had the highest average property taxes. From this list we isolated the 97 counties where more than 50% of per-pupil spending contributions comes from property taxes. ( Click Here For Full Rankings)
Since it costs more to educate a student in New York than Alabama, we adjusted expenditures for each metropolitan area based on Economy.com's national cost of living average. We then chose to compare spending to the only performance measures that can be used to compare students equally across the country. With a nod toward recognizing the importance of education, performance was weighted twice against cost. Performance and cost numbers are county averages; individual school districts within a county can vary greatly.
Just getting the raw data is no small task; in many counties you have to call dozens of high schools one at a time to find out how many kids drop out, how many take the SATs and how they do on the exams.
Since no standard method to calculate a graduation rate is enforced nationally, and the college entrance exam boards will only release data below a state level directly to the schools, not the public, we were left to trust county, district and school officials to honestly and accurately report their results . . .
The caveats to our methodology notwithstanding, our study shows that there are big differences in the quality of education relative to spending among counties and is further proof that money is not the only--or perhaps even the most important--factor when it comes to the quality of education.
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