The fourth annual report from the National Institute on Early Education Research came out this week and it generated some good stories around the country. Nancy Zuckerbrod of the Associated Press gave a good overview, touching down in Virginia to review the program there. Natalia Mielczarek at The Tennessean in Nashville used the report as a starting point to report on Gov. Phil Bredesen's addition of $70 million to the state pre-k program the past two years. She also went out and talked to parents and teachers and visited classrooms. The Montgomery (AL) Advertiser carried a short Associated Press story. The Columbus (OH) Dispatch's Catherine Candisky used the report to explain the complexities of the program in her state and a proposal by Gov. Ted Strickland to put a little bit more state money in.

Surprisingly, though, none of the stories picked up on this element of the report:

Total state spending for prekindergarten was nearly $3.3 billion, an increase of 13 percent from the previous year. However, inflation-adjusted spending per child declined in 25 of 37 states (Florida was new). In other words, real spending per child declined in twice as many states as it increased. Worse yet, nominal spending per child (that is, without any adjustment for inflation) declined in 14 states. After adjusting for inflation, funding per child fell to the lowest level since NIEER began collecting such data. In 2001-2002, states spent $4,171 per child in today's dollars; last year they spent $3,482 per child.

Given what states are spending, and given that that amount is decreasing in real terms, it seems irrelevant and even a bit misleading for NIEER to assert that "high quality" preschool has returned "$17 for every $1 invested." That figure is based on a long-term study of a boutique program in the 60s that was unlike anything that exists today.