Completed in 2013, Path to a Better Future by University of Maine Economics Professor Philip Trostel highlights the “fiscal payoff of investment in early childhood development in Maine.” The report “demonstrates that public investment in early childhood development is smart fiscal policy for Maine” and concludes that the “cumulative lifetime fiscal savings and tax benefit to government would be $125,400 per child—4.8 times greater than the initial fiscal cost.”
Read Path to a Better Future full report
Philip Trostel joined the Margaret Chase Smith Policy Center in 2001. His research interests encompass the areas of higher education policy, human capital, fiscal policy, labor economics, and legal consulting. Trostel has served as an advisor to Governor’s Task Forces, non-profit organizations, governmental agencies, and local town and regional councils. Trostel has also provided testimony to Maine Legislative committees including Criminal Justice, Health and Human Services, and State and Local Government, as well as to the Maine Speaker’s Advisory Task Force on Youth Migration and the Maine Speaker’s Advisory Committee on Tax Reform.
Philip Trostel
Professor, Margaret Chase Smith Policy Center; School of Economics; School of Policy & International Affairs