In a survey published this morning by Scioto Analysis, 18 out of 22 economists agreed that increasing state spending on mental health services, research, and job development will provide net social benefits greater than net social costs. Only one economist disagreed with the statement.
Among those who agreed, many pointed out that the specifics of how spending was increased would determine how efficient any new programs would be. There was consensus among economists that mental health resources are currently underfunded and increasing spending on them will be good for Ohio.
Additionally, 18 of 22 respondents agreed that increased mental health spending would improve equity and inequality conditions in Ohio. One economist pointed to the fact that without additional funding, mental health resources are more easily accessed by the well-off. Reducing the barriers to these services should reduce inequality as a result.
Last month, governor DeWine announced a proposal that would increase state spending on mental health services, research, and job development. These changes would be incorporated as part of Ohio's next two-year state budget plan.
The Ohio Economic Experts Panel is a panel of over 40 Ohio Economists from over 30 Ohio higher educational institutions conducted by Scioto Analysis. The goal of the Ohio Economic Experts Panel is to promote better policy outcomes by providing policymakers, policy influencers, and the public with the informed opinions of Ohio’s leading economists.