Neumark: Excessive education spending will hurt Maryland

Frederick County Public Schools is asking to spend $47 million more this year — from $636 million to $683 million — an increase of 7.3 percent, which outstrips population growth, wage growth and inflation. Based on data from Frederick County’s Office of Economic Development, our population increase comes to a non-compounded average of 1.1 percent annually. Inflation ranged between 1.5 percent and 2.3 percent in the last year. According to the Bureau of Labor Statistics, Frederick County’s wages rose last year by 3.6 percent. Should FCPS get a 7.3 percent pay raise if you didn’t? (News Post)

Read Full Article