On May 8, the Maine Development Foundation and the University of Maine’s School of Economics released the third quarterly report analyzing critical economic indicators in Maine.
The latest report, “The Fiscal Return on Higher Education in Maine,” looks at the state benefits of greater educational attainment, such as increased tax revenue and reduced social costs. Philip Trostel, a UMaine professor of economics and public policy, wrote the report that determined each bachelor’s degree in Maine generates a benefit to Maine taxpayers of approximately $74,600 in present value over the course of a lifetime.
Mario Teisl, director of the UMaine School of Economics and professor of resource economics and policy, is overseeing the series of reports that further explore the economic indicators in “Measures of Growth in Focus,” an annual report issued by the Maine Economic Growth Council.
The Maine Development Foundation news release and the full report are online.