Although the costs of the various tax
expenditures are
presented annually by the Department of Finance in the Tax
Expenditure Report, there is little
public discussion on the cost - effectiveness of these
expenditures.
Stone concluded that his results «
present a serious challenge to NBPTS's claims» and that «they suggest that
public expenditures on NBPTS certification be suspended.»
For the prekindergarten program alone, they identified $ 92,220 in
present value benefits and $ 8,512 in
present value costs in 2007 dollars — a benefit - cost ratio of 10.83 to 1.22 The benefits derived mainly from reduced
public education
expenditures due to lower grade retention and use of special education, reduced costs to the criminal justice system and victims of crime due to lower crime rates, reduced
expenditures on child welfare due to less child abuse and neglect, higher projected earnings of center participants, and increased income tax revenue due to projected higher lifetime earnings of center participants.