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Mon Dec 24, 2012, 04:26 AM

 

Michigan floating law to create schools accountable only to Gov, charters to borrow easy money

The exception to the rush-rush-rush of the not-so-lame-duck session is HB6004, which would establish a statewide educational achievement authority. The authority was created earlier this year via an interlocal agreement; the legislation would enshrine the authority in state law.

That's not the only school-related bill floating around the Legislature. Other proposed legislation would change the way schools borrow money and make it easier for for-profit businesses, nonprofits or cities to open schools...

The education achievement authority would be a kind of low-achieving super-district. Schools in the bottom 5% of academic achievement statewide would be assigned to the district until reaching academic stability. The chancellor of the authority would have wide control of schools but would be accountable only to the governor.

That's a problem. While it's of crucial importance that all Michigan children receive the best education possible, charter schools have spotty track records. And creating a less-accountable education achievement authority hardly promises better choices for parents. Taking the time to get this right is time well spent.

http://www.freep.com/article/20121207/OPINION01/312070036/Editorial-Michigan-s-lame-ducks-go-on-a-rampage

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Reply Michigan floating law to create schools accountable only to Gov, charters to borrow easy money (Original post)
HiPointDem Dec 2012 OP
Festivito Dec 2012 #1
HiPointDem Dec 2012 #2

Response to HiPointDem (Original post)

Mon Dec 24, 2012, 06:55 AM

1. The result will be banks owning properties once given to public education.

Easy borrowing goes into refurbishing old public schools into shining new schools, and salaries of course. The old building and it land is given to the new idea in education.

After a year or two the newness loses its shine. Extra competing schools means too few students to fill classrooms. Maintenance budgets get cut which leads to a costly problem which leads to borrowing more money or closing the school with its debt to the bank.

Either way, the bank ends up with the property.

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Response to Festivito (Reply #1)

Mon Dec 24, 2012, 02:24 PM

2. yes. part of the charter school scam has to do with acquiring valuable real estate owned by school

 

districts -- by borrowing public money as well.

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