A 21st Century Investment: CIL Base Funding
The result of the original funding project work undertaken more than 15 years ago has borne some successes. Many states, SILCs, and networks of centers used the $250,000 benchmark to seek additional resources, create a floor for discussion and methods to establish values and processes on network equity, establish a process for distribution of new funds, and to decide when and why new centers should be established, to cite some examples.
This work should garner the same discussions and results. The take away from this work is simply:
CILs across the country deserve a 21st Century Investment.
The number generated by this process is also supported by other data. The most compelling supporting data comes from a process economists and other use to calculate the value of good, services, or capital over time. The tool can be found at: http://www.measuringworth.com/ppowerus/
From 1995 to 2012, the value of $250,000, using the measure of what that dollar amount represents as a relative or “real” percent of the Gross Domestic Product (GDP) has risen to an estimated $530,000. Even the most conservative measure (Consumer Price Index) CPI, estimates you would need nearly $380,000 today to equal the value of $250,000 in the past.
Please Click the Link Below for Full article, including charts laying out how we came to these conclusions: