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Second Chance's programs have many community benefits including direct government cost savings and hard dollar returns to the community. One way of calculating the economic benefits of our programs is to determine how much money Second Chance graduates contribute to the community through the taxes they pay.
Below we combine a calculation of the estimated income and payroll taxes paid over one year by Second Chance graduates, and the avoided costs of imprisonment, and compare that total to Second Chance's annual program operating costs. The result is a "Return on Investment" (ROI) calculation showing that Second Chance returns to the community 5 times what it spends in a year of operation. In this calculation we have not included sales taxes that will be paid by our graduates or the total wage earnings projected for these graduates over several years. Nor have we tried to calculate reduced welfare benefit costs and other benefits generated by these programs, such as family reunification and reduced police contacts. 2006 ROI = ($1,093,704 + $8,485,198) / $1,908,256 = 502%
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