Send a Tweet
Most Popular Choices
Share on Facebook 7 Share on Twitter 2 Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 10/8/17

How BASIS Turned Its Charter Schools into a Profitable Venture Industry with Tax Dollars; by Diane Ravitch

Quicklink Submitted By     (# of views)   2 comments, 10 series
Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

Free vector graphic: Money Bag, Dollar Sign, Currency - Free Image ...614 ├-- 720 - 68k - png
Free vector graphic: Money Bag, Dollar Sign, Currency - Free Image ...614 ├-- 720 - 68k - png
(Image by pixabay.com)
  Details   DMCA

BASIS is a successful businesswhose profit wouldn’t be possible without the generosity of taxpayers! Behind all that rigor & grit and weeding-out of average students is a sophisticated business operation.Its  curriculum is so rigorous that many students drop out.  Because BASIS charter schools are public, they must serve every student picked from a lottery. But students with disabilities or limited English often are pushed out later. Others are deterred from even applying. As BASIS grew, so did its corporate structure, needed to manage the assets and equities  that run the charter; such complex corporate structures, also common to other large charter networks.For the 2014 tax year, the most recent tax filing publicly available, the nonprofit housing the network’s charter schools paid BASIS.ed $15.6 million in management fees and an additional $44.3 million for salaries and benefits.'

Read the rest of the story HERE:

At dianeravitch.net

 

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Other Series: View All 230 Articles in "CHARTER Schools --the school CHOICE fraud and chaos"

Other Series: View All 566 Articles in "DON'T MISS THIS!"

Other Series: View All 131 Articles in "Economics and the propaganda/lies"

Other Series: View All 358 Articles in "FRAUD & Mendacity."

Other Series: View All 408 Articles in "PRIVITIZATION."

Other Series: View All 853 Articles in "Public ignorance & those who use this"

Other Series: View All 668 Articles in "Shameful"