Sunday, September 15, 2013

Follow the Money

We know, or should know, charter schools aren't worth a crap, but that is beside the point. The point is it is a good way for operators to get taxpayer money thanks to owning the political hacks in charge:

Charters have a limited admissions policy, and the applications can be as complex as those at private schools. But the parents don’t pay tuition; support comes directly from the school district in which the charter is located. They’re also lucrative, attracting players like the specialty real estate investment trust EPR Properties EPR -0.25% (EPR). Charter schools are in the firm’s $3 billion portfolio along with retail space and movie megaplexes.

Charter schools are frequently a way for politicians to reward their cronies. In Ohio, two firms operate 9% of the state’s charter schools and are collecting 38% of the state’s charter school funding increase this year. The operators of both firms donate generously to elected Republicans

They used to call this sort of thing graft, but now everything is just hunky-dory.

Nobody could care less about the children.

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