9 Executive summary estimated $12.5 million in benefits due to a reduced demand for government-funded social services in New York. For every tax dollar spent educating students attending SUNY WCC, taxpayers will receive an average of $1.40 in return over the course of the students’ working lives. In other words, taxpayers receive an annual rate of return of 2.1%. Social perspective People in New York invested $140.3 million in SUNY WCC in FY 2021-22. This includes the college’s expenditures, student expenses, and student opportunity costs. In return, the state of New York will receive an estimated present value of $910.6 million in added state revenue over the course of the students’ working lives. New York will also benefit from an estimated $18.7 million in present value social savings related to reduced crime, lower welfare and unemployment assistance, and increased health and well-being across the state. For every dollar society invests in SUNY WCC, an average of $6.60 in benefits will accrue to New York over the course of the students’ careers. For every tax dollar spent educating students attending SUNY WCC, taxpayers will receive an average of $1.40 in return over the course of the students’ working lives. Lightcast gratefully acknowledges the excellent support of the staff at SUNYWestchester Community College in making this study possible. Special thanks go to Dr. Belinda Miles, President, who approved the study, and to Yelizaveta Adams, Ed.D., Assistant Dean of Institutional Research, Planning, and Effectiveness; Naomi Dogani, Assistant Director of Institutional Research, Planning, and Effectiveness; Jonathan Reyes, Senior Research Analyst, Institutional Research, Planning, and Effectiveness; Joseph Phillips, Ed.D., Research Analyst, Institutional Research, Planning, and Effectiveness; and Peter Lillo, Program Specialist, who collected much of the data and information requested. Any errors in the report are the responsibility of Lightcast and not of any of the above-mentioned individuals. Acknowledgments
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