NYC Schools Chief Resigns, Leaving Lasting Legacy
Joel Klein, who ran the nation's largest school system for eight years, will be replaced by publishing executive Cathie Black. (November 9, 2010)
On the Web: Read previous coverage at spokesman.com/tags/ secret-tax-deals, where you can also download new filings in the case.
BOISE – Three education groups are seeking to join Rep. Shirley Ringo, D-Moscow, in her lawsuit over secret tax deals by the state Tax Commission, saying the alleged deals are causing education funding in the state to suffer.
“We take the allegations very seriously,” said John Rumel, general counsel for the Idaho Education Association, one of the three groups. “The representative’s allegations indicate that because of some sweetheart deals and corrupt practices, a substantial amount of funds that should be going into the coffers of the state are not getting there.”
In addition to the IEA, the Idaho Federation of Teachers and the American Federation of Teachers local from the University of Idaho all have filed motions to intervene in the case as plaintiffs. The UI
Goldman Sachs Group Inc., the most profitable Wall Street firm, will lend $25 million to a nonprofit community-development organization to finance 16 charter schools in New York City and New Jersey.
The nonprofit group, Local Initiatives Support Corp., will make the money available to the school operators during the next two years, Goldman Sachs and LISC, both based in New York, said today in a statement. The chairman of LISC, according to the group’s website, is Robert E. Rubin, former U.S. Treasury secretary.
Charter schools are nonsectarian, public institutions that operate independently of local boards of education in the U.S. under special charters. Goldman Sachs’s Urban Investment Group has
