New Study Finds Soda Vending Contracts Flawed For Schools
According to The Oregonian:
The total revenue to school districts from the contracts that were analyzed ranges from $12 to $24 per student annually. What parents don't realize, though, is that most of the money comes from their own pockets. That is, it comes from their teens plunking down money to buy soft drinks. Vendors, meanwhile, walk away with between $14 and $32 per kid per year in sales revenue...What we hear about, of course, are big cash advances and gifts such as scoreboards (which usually double as advertising for the vendors).The full story can be read here (link).
On an annual basis, such "gifts" amount to paltry sums. Some even have to be paid back, if schools terminate their contracts early without delivering an agreed-upon number of soda sales. Typically, vendor "gifts" equate to $2 to $8 a year per student.