The NYC Department of Education has about 75,000 teachers, who are paid an average of $72,708 per year. For a total of
$5,453,100,000 total teacher expense per year
How much is that per student? Divide by about 1,100,000 students:
The cost of teachers is $4,966.45 per student
The DOE budget is $24 billion per year. Divide by 1,100,000 students and we find that we have:
$21,818.18 budgeted per student
Subtract $4,966.45 from $21,818.18 to get:
$16,852.35 overhead per student
SUMMARY:
$21,818.18 total expenditure per student
$16,852.35 overhead per student (77.2%)
$ 4,966.45 cost of teachers per student (22.8%)
Makes you wonder.
