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Economic Impact
Casper College leverages taxpayer dollars
- State and local government allocated around $22 million in support of Casper College in fiscal 2004. For every dollar appropriated by state and local government, Casper College's spending alone generated $1.36 in earnings in the Natrona County Service Area.
- For every dollar appropriated by the state and local government in fiscal 2004, student earnings will increase by an average of $0.42 per year, every year through the rest of their working lives. Likewise, for every state dollar appropriated, the Natrona County Service Area will see social savings of $0.05 per year, every year (i.e., reduced incarceration and health care expenditures, reduced expenditures on unemployment and welfare, and reduced absenteeism).
Casper College generates a return on government investment
- State and local government support for Casper College in fiscal 2004 will be fully recovered in 10.4 years, in the form of higher tax receipts (from increased student wages) and avoided costs (e.g., from reduced public expenditures on incarceration).
- Accounting for increased tax receipts and avoided costs, state and local government will see a rate of return of 12.9% on their fiscal 2004 support for Casper College.
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