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Question 2: The corporate takeover of public education is about $
By Anonymous on Sun, 10/16/2016 - 4:02am
The biggest and most often used lie is that charters increase funding to public schools. What advocates Trumply ignore is that the public school district gets its lost student reimbursed in year one then gets reduced funding in year two and forever after. Three card monty.I have no problem with charter schools and their place in education. I have a YUGE problem with the endgame of public school privatization. This is nothing more than a business opportunity disguised as altruism.
Vote no on Question 2.
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Comments
90% of our school budget is paid by local property tax
The largest charter chain in the US is owned by Fethullah Gulen who is implicated in organizing and financing the coup d'état in Turkey. If true, local property tax budgeted for K-12 education here in the U.S. found it's way to fund a coup in a region destabilized by war, that is destabilizing it's neighbors and due to unprecedented war refugees, destabilizing Europe politically.
No matter what you think of Gulen's anti-democratic attack on Turkey's head of state, Gulen often does good work with the money he pockets from his stateside charter chain. Many folks however would not be pleased with how he staffs his schools. He gets many teachers from Turkey on HB1 visas. He pays them poorly and allegedly gets kickbacks.
Hedge funds love to invest in charters. KIPP is largely owned by hedge fund investors. How do the wring out profit? One way is real estate. Triple tax free municipal bonds are issued to finance real estate and school buildings. This positive cash flow can produce superior no-taxable returns. Finance people worry about a bubble in this sector. Charter chains are also know to hire management companies that give 95% of their budget. Those mgmt. companies do not have to be non-profit. That is another way to wring out profit out of non-profit charters.
What's the point? These are examples of how money, local taxes, spent for education in charter chains leaves the community.