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RI-DIMES School Choice Financial Model

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For its 2015 promotion of education savings accounts (ESAs) to provide school choice to Rhode Island families, the RI Center for Freedom & Prosperity developed the Rhode Island District Impact Model for Educational Scholarships (RI-DIMES) fiscal modeling tool to predict the effect on budgets on a school-district-by-school-district basis.  The model began with a formula developed by Cato Institute economist Andrew Coulson and worked with Providence College economics professor Angela Dills to apply it to Rhode Island and the basic parameters of legislation planned for proposal.  With substantial modification and heavy research into school-specific numbers, Justin brought the model to the point of being truly applicable at the school-district level and added a number of data outputs expected to concern stakeholders.  The final model also included a number of dynamic inputs that the user could change to test the effects of modified variables.

Click here for more on RI-DIMES.