A study by the Pew Charitable Trusts shows that Missouri is in the top ten states when it comes to using cost-benefit analysis of taxpayer money.
Cost-benefit programs analyze the cost of public programs and the benefits they provide taxpayers. In short, it’s the study of how much bang taxpayers are getting for their buck. And it can be a very effective tool when drafting new laws or policy.
The “States’ Use of Cost-Benefit Analysis” report released this week finds that Missouri is one of ten states leading the way in using cost-benefit studies to shape its policy-making.