Vouchers -- Financial Analysis "Its About the Money"

This is a revision of the post I wrote last night.

Yesterday I was reading some comments at Steve Urquhart's blog and I noticed there seems to be confusion on how much savings there will or will not be from voucher implementation. I spent some time last night writing a spreadsheet model based on certain assumptions (no currently attending private school students could receive vouchers, only students switching from public to private, out of state move ins, and new kindergartners will receive vouchers -- 100% savings per voucher issued) however I realize a large flaw with my assumption due to the fact that many new students (out of state move ins, and new kindergartners) many not have ever gone to public schools without vouchers. As far as my calculations go I don't really see any circumstances where there would not be a net financial benefit to public schools because of voucher implementation, however I haven't figured out how to account for the money that isn't saved due to voucher receiving students who never would have attended public school without vouchers. I would like some help making the model as accurate as possible -- if interested in collaborating or if you just want to access the spreadsheet please email me. If anyone knows how to make a Google spreadsheet open for anyone to view and alter please tell me. The idea with the spreadsheet is that anyone can alter the variables and see the net effect on savings from those changes.

I believe vouchers provide a powerful means of increasing per student spending in state of Utah. By allowing parents the right to take a portion of the money the state was going to spend on their kids for education elsewhere, the remaining funds can be stretched to help increase per student spending on the kids that stay in public school.

I also believe giving taxpayers the right to determine how their tax dollars are used to educate their children is the right move. I don't believe the one size fits all model of education for which most public schools operate is best for all Utah children. Charter schools are a fantastic asset to the state's educational menu. Vouchers provide another menu item for parents to tailor how best to meet the educational needs of their children. Vouchers also can save money for public schools to improve education for public school children.

Utah's public schools are great, I am product of them and I pretty sure that most of my children will be schooled in public school as well. However I believe vouchers are a worthy experiment that can help improve Utah education in many aspects.

St. George -- America's Fastest Growing Community

I learned that my town is the fastest growing community in the United States. It is always interesting to receive any "#1" distinction, but I wonder if St. George is handling the growth. According to Yahoo, St. George's median house price for new homes has dropped 48% at 299,900 and the overall median price is still nearly 400,000 -- very pricey for anyone looking for starter homes. Washington County School District cannot attract enough teachers to this county, and from what I understand the fire and police departments are experiencing similar woes respectively. Another subject of irritation for me is the roads and public services in this town, as my visiting brother-in-law put it, "St. George is a big city without the infrastucture."

I wonder what the coming months and years will have for St. George. I have a feeling that they maybe quite painful.

A vast number of locals who have purchased homes recently are in ARM's or negative ammortization loans. I have recently heard many stories of clients who have been approached about predatory lending arrangements, or clients that know people who are in predatory lending arrangements. I had a mortgage officer-client who discovered over 18 of his neighbors had signed into the infamous Franklin Squires ponzai scheme. As a reference, the scheme goes like this: Franklin Squires basically arrange to buy houses at above market prices and give a kickback to the buyer. They then offer (or rather require) for the buyer to invest the borrowed money with their company to keep their ponzai scheme going.

I fear that there may be many foreclosures eminent in this the fastest growing town.