Charter Schools: A Cancer Destroying Our Public School System By: Francisco Martinez
When I first heard that Broad was planning to dismantle public education by taking 50% of students out of LAUSD and putting them in charters schools, I thought it was timefor me to get active.Originally,I was one of those people who thought that charters werean alternative to our strugglinginner city schoolsthat were infested with gangs, under performing,and multiple other problems. Soon,I began to comprehend that behind the appealing and usually misleading propaganda publicized by charter school operators,there is an undeniable truth purposelyhidden by proponents of the charter school industry: Charter operators are inbusinessto makemoney at the expense of our children's education.
Without any doubts, the charter school industry generates hundreds of millions of Dollars in revenues for the most part because they benefit from the year 2000 Community Renewal Tax Relief Act that provides "tax incentives for seven years to businesses that locate and hire residents in economically depressed urban and rural areas".This credit allows charter school investors to double their money in a period of seven years which is one reason why many of them are coming into the charter school business in unprecedented large numbers. It'sevidentthat most of these investors take advantage of the quickguaranteed profits generated in large partdue to the lack of government oversight of these money making institutions. As a matter of fact, The Miami Herald called south Florida charter schools a "$400-million-a-year powerhouse backed by real-estate developers and promoted by politicians, but with little oversight." According to information obtained from tax forms 990, major Charter Chain Executives total Compensation in 2012, was as follows: Celerity, Vielka McFarlane $438,730.00, Alliance, Judy Burton, $330,400.00, Aspire, James R. Willcox $293,687.00, Green Dot, Marco Petruzzi $279,478.00, Camino Nuevo, Ana Ponce $230,811.00. Today, they may be making even more as many of these charter schools have moved into many other school districts throughout the country.