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New Jersey Expose, Part 4: Cashing in on Real Estate Deals in the Charter Market; Ravitch Blog

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 “Cashing in on Charter Schools” explores the many ways that charter operators exploit taxpayers: how  charter operators and real estate developers are cashing in. “Interest-only mortgages with rates that grow each year. Multimillion dollar fees for paying off loans early. Property that quickly doubles in price; & buildings sold with markups as high as 70% Deals like these by N J charter schools, or the private groups that support them. highlight how tax dollars meant for public education can reap profits for investors.State education officials say they have no authority to review financing or lease agreements struck by charter schools before they are signed. And they don’t police the private organizations, often called “Friends of' groups, that are created to support charter schools by owning or financing their real estate and, in many cases, enter into contracts on a school’s behalf.

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At dianeravitch.net

 

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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...)
 

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Says a teacher at the Ravitch Blog: "One really cannot overstate how little regard ed reformers have for public schools, students and families This is Tennessee and the US Department of Education yesterday:"One of Lee's proposals would start a new type of education voucher program, and the other would create a state commission with the power to open charter schools anywhere across Tennessee through an appeals process."

"The charter plan billed as a way to open more high-quality charter schools and close struggling ones is also slated for hearings this week in two committees.
"This is about children and not about systems," the governor said. "The goal here is to provide children in all systems that have these low-performing schools five of which exist in this state an opportunity to access a higher-quality education, which will ultimately strengthen the public schools in those districts as well."

"Absolutely nothing for public school students in the state. Nada. They are dismissed with a throw-away line about how their preferred charters and private schools will "ultimately" strengthen public schools.

"They take public school voters completely for granted. There isn't even a minimal effort to offer them anything, speak to them, allow them into discussions. The ONLY public school students and parents who are permitted into ed reform events to speak are families who "flee" public schools. DeVos goes further- she depicts public school STUDENTS as violent and low performing.

"Something like 90% of the students in that state have no one in either the federal or state government working on their behalf, and this isn't just accepted in ed reform- it's the norm. You see it again and again and again.


Submitted on Tuesday, Apr 2, 2019 at 3:47:40 PM

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