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Los Angeles area teachers, parents fight charter school takeover ("Parent Trigger")

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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 04:29 AM
Original message
Los Angeles area teachers, parents fight charter school takeover ("Parent Trigger")
Edited on Mon Dec-20-10 04:30 AM by Hannah Bell
On December 8, petitions were delivered to Acting Superintendent of the Compton Unified School District, Karen Frison, authorizing McKinley Elementary to be converted from a public into a charter school. If the signatures are approved, McKinley will be taken over by the Celerity Educational Group, a private entity, which will run the school using funds from the public education budget.

Even though there are widespread complaints that petitioners used deception and intimidation to gather their signatures, McKinley is on track to become the first public school in the state of California to be converted to a charter under what has become known as the parental trigger option.

The measure, which was part of the recently passed state Education Code 53300, allows a majority of parents at a given public school to vote to either close it, enact major staffing cuts or convert the school to a charter.

The code was passed, in part, as part of the state’s bid to receive federal money offered under the Obama administration’s “Race to the Top” initiative — which the White House has used to impose punitive measures on teachers and advance its privatization agenda.

The code remains in effect despite the fact that state failed to qualify for any of the $4.2 billion offered under the RTTT program.

The Parent Revolution group — which backed the petition drive — was founded by Ben Austin, a state board of education member and a former political aide to ex-President Bill Clinton and Richard Riordan, the former Republican mayor of Los Angeles. The group is backed by billionaire financier Eli Broad and other wealthy opponents of public education.

Parent Revolution claims 62 percent of McKinley parents support the conversion. At a recent PTA meeting, however, the organization was denounced for its intimidating methods.

Jessy Herrera, an active McKinley PTA member, told the meeting how parents were followed by petitioners to their workplaces, laundromats and restaurants. Many parents complained they were repeatedly called and visited at their own homes after refusing to sign.

According to reports, others were told the school would be closed or that they would be deported if they didn’t sign in the case of immigrant parents.

Amid these revelations and with at least 50 parents asking that their signatures be removed, Governor Arnold Schwarzenegger intervened, turning reality on its head by denouncing the “intimidation tactics” of those who opposed Parent Revolution’s efforts to privatize the school. This was echoed by Mayor Villaraigosa..

http://www.wsws.org/articles/2010/dec2010/char-d20.shtml



Opponents of the conversion have noted that the school is among the most rapidly improving in the state with 77-point increase in a two-year period on the state Academic Performance Index.

Parents and teachers who wish McKinley to remain public have charged that signatures were gathered under false pretenses with forms asking parents to sign on to an initiative which would “beautify” the school.

http://www.wsws.org/articles/2010/dec2010/char-d20.shtml

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maryf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 06:54 AM
Response to Original message
1. K&R
more to come, I'm sure.
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rucky Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 07:15 AM
Response to Original message
2. Is there any documentation on how much money can be made by starting a charter school?
Investors are SO hot and heavy about this racket, it would be interesting to expose the money side to kill any front of credibility about it.
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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 08:14 AM
Response to Reply #2
4. The money all comes from different places
I wish I had a math brain, I agree it would be great to have all of the documentation all in one place. One big chunk comes from the New Market Tax Credit. http://www.self-help.org/business-and-nonprofit-loans/loan-products-1/nmtc


New Markets Tax Credit Program
What It Is

The New Markets Tax Credit (NMTC) program was enacted in December 2000 by the U.S. Treasury Department as part of the Community Renewal Tax Relief Act. The initial purpose of the NMTC program was to spur private investment in businesses operating in low-income communities. As the NMTC program developed, Self-Help successfully advocated for the program to include nonprofits.

Under this program, the federal government allocates tax credits to “Community Development Entities,” such as for-profit banks and nonprofit lenders like Self-Help. By offering the tax credits to private investors, these entities raise funds that they use to provide financing for businesses and nonprofits in low-income communities.

The federal government has made over $26 billion in allocations, $220 million of which was awarded to Self-Help in three rounds of allocations.

<snip>

Eligible Projects

Self-Help uses its NMTC funds to help borrowers finance the purchase, construction, and renovation of real property. Past borrowers have included charter schools, commercial real estate developers, child care providers, churches and other nonprofits.

<snip>

The borrowing entity for a project must also meet certain asset and revenue tests. For nonprofits such as charter schools, these tests are easily met.


http://www.nydailynews.com/ny_local/education/2010/05/07/2010-05-07_albany_charter_cash_cow_big_banks_making_a_bundle_on_new_construction_as_schools.html


Albany charter cash cow: Big banks making a bundle on new construction as schools bear the cost

Juan Gonzalez - News




Under the New Markets program, a bank or private equity firm that lends money to a nonprofit to build a charter school can receive a 39% federal tax credit over seven years.

The credit can even be piggybacked on other tax breaks for historic preservation or job creation.

By combining the various credits with the interest from the loan itself, a lender can almost double his investment over the seven-year period.

No wonder JPMorgan Chase announced this week it was creating a new $325 million pool to invest in charter schools and take advantage of the New Markets Tax Credit.



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Starry Messenger Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 07:32 AM
Response to Original message
3. k&r
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Reader Rabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 10:11 AM
Response to Original message
5. K&R
Keep fighting the good fight, Hannah!
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DragonSlave Donating Member (30 posts) Send PM | Profile | Ignore Mon Dec-20-10 10:41 AM
Response to Reply #5
6. What does K&R stand for?
Sorry to ask this but I'm new and it isn't in the FAQ.
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riderinthestorm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-20-10 11:16 AM
Response to Reply #6
7. Kick (the post to the top of the message board) and Recommended. nt
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