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Mercedes Schneider: Municipal Analysts Call for Charter Financial Transparency; by Diane Ravitch

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D.C. bill looks to strengthen charter school transparency ...

"The National Federation of Municipal Analsts, demands standards for charter school transparency and accountability. It is impossible to assess the credit worthiness of bonds without full transparency on the part of agencies receiving public funds! ." A charter school’s POStatement should disclose: "facilities and their financing: all material financial agreements: proposed indenture, loan agreement, capital leases, management agreements, tax regulatory, credit risk, agreements, reliance on endowments, fund drives, contributions, & gifts; audited financial statements, current budgetary processes debt service, repair/replacement; operating & deficit, as well as insurance & property tax reserve funds; 3rdparty manager control, compensation, and replacement; and charter school teaching faculty, classroom ratios; Academic performance as well as school management and operations!"

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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...)

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