Wednesday, September 12, 2012

RheeFirst! » DC auditor slams Rhee’s deceptive accounting

RheeFirst! » DC auditor slams Rhee’s deceptive accounting:


DC auditor slams Rhee’s deceptive accounting

When Michelle Rhee closed 23 schools in DC, the damage to communities was evident.  Rhee justified the closures by citing supposed cost savings, but a recently released investigation by the DC Inspector Generalshows that those savings, like so much of Michelle Rhee’s legacy, have turned out to be illusory.
The $9.7 million price tag that Rhee quoted at the time turned into a whopping $40 million. Even on Rhee’s terms, the number should have been $17.7 million, and the IG report  cites an additional $21.8 million when considering “permanent asset damage” caused by the closings.
Conveniently underestimating costs by a factor of four is typical of Rhee, who plays fast and loose with