According to a rosy new study, Texas taxpayers see a 6.9 percent rate of return on their investment in community colleges.

The report, Moving Texas Forward, was produced by Idaho-based firm Economic Modeling Specialists, Inc. on behalf of the Texas Association of Community Colleges. They find that, at $46,600, the average mid-career annual income for an individual with an associate's degree is 35 percent more than an individual with a high school diploma.

These higher earnings reportedly expand the tax base in Texas by about $4.25 billion annually. And because of improvements in health, employment, and ...

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