Financial capital can be defined according to our textbook as the “Financial resources available to invest in community capacity building, to underwrite business development, to support civic and social entrepreneurship, and to accumulate wealth for future community development”
The Town of Sherborn’s financial capital is related to what the community values. large portion of the town’s budget goes towards. In the Town of Sherborn 98.5% of residents hold a high school diploma and higher (American Fact finder). Education is very important to the town of Sherborn. Dover-Sherborn’s regional high school is ranked #304 in national ranking, and #10 in Massachusetts. Standardized tests for students at Dover Sherborn high school were ranked among the top in the state. This is due to the town’s high per pupil expenditure of $16,434 per student (Boston Magazine). With only 647 students enrolled in the school, the ratio of students to teacher is only 12 to 1. In 2004 $43 million dollars was spent on renovating the high school and building a new middle school.
Dover-Sherborn High School receives funding from a variety of sources including the town, state, and several communities based organizations. Most notably, the Dover-Sherborn Education Fund (DSEF) has donated approximately $3 million since the non-profit organization was established in 1984. Sherborn’s financial capital is reflected highly on the importance of education. If it wasn’t for the financial capital that the town holds, the education system in my town would not be so sought out. Many families move to my town in order to give their children a great education, without having to spend money on private schools.
Explore Dover-Sherborn Regional High School. (n.d.). Retrieved November 28, 2016, from https://k12.niche.com/dover-sherborn-regional-high-school-dover-ma/
@. (n.d.). Seven Public vs. Private School Comparisons in Boston. Retrieved November 28, 2016, from http://www.bostonmagazine.com/news/article/2014/08/26/public-vs-private-schools-boston/