Charter school collapse? What Should Be Done?

As many of you know, the League in Florida has been urging improvements in charter school business practices.  In this report by professors Baker, Green, and Oluwole, you will find a list of specific charter management problems and recommendations to remedy them.  We checked with Professor Green to see if the for-profit charter business practices we find in Florida correlate with those in the report.  Based on our study, he replied that it appears they do.  I am so grateful for their work.  It gives us a framework.

I hope every school district digests this list.  They can help communicate the solutions for the pending threat for a financial collapse.

 

 

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Charter Industry Poised for Financial Collapse?

The League has closely followed some for-profit charter school management company business practices.  We have reported interrelated companies that profit excessively from various management fees and real estate practices.

The former President of the Senate, Don Gaetz, has called for an end to the ‘self dealing’.  There are other reasons to call for reform.

In this analysis of charter business practices, a paper soon to be released in the Indiana Law Journal, presents evidence that Enron-like related-party transactions to defraud charter schools.  Read the abstract.  This is serious, especially for Florida where the for-profit charter sector is so large.

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