A Nashville School Board Member Figures Out the Secret: How Charter Schools Get Rich Off Public Tax Dollars
An excellent article. Even though it’s out of Tennessee, it’s spot-on true for anywhere. Share it with the pro-charter legislator you love to hate.
“I explained that there are many ways non-profit charters make money, including: (1) a 39% federal tax credit that allows investors to double their money in seven years; (2) all sorts of land deals, including using taxpayer money to fund land investments that profit the investor, not the taxpayers; (3) requiring students to purchase materials from board members at marked up prices or charging students high prices for lunches and other necessities; and (4) taking money from classrooms and driving it up to the top by, for example, hiring cheaper, inexperienced, uncertified teachers; by using computers instead of teachers for classroom instruction; or by using uncertified teachers for enrichment like art and music.”