DECEMBER 14, 2006 - Posted at 7:30 a.m. CST
LITTLE ROCK, AR - A new study says that, for every dollar of state and local money provided to ten community colleges in Arkansas, taxpayers will see a return of $3.81 as students from those institutions enter the work force.
Results of the study commissioned by the Arkansas Association for Two-Year Colleges were released yesterday. It says the ten schools contribute $1.1 billion per year to the state's economy.
The study by Idaho-based C.C. Benefits comes as Arkansas' 22 community colleges seek an additional $44 million in the state's next two-year budget. Officials believe the statistics show the state is getting more than what it pays for.