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Furious teachers at a recently shuttered Detroit charter school were notified Wednesday that they won't be paid thousands of dollars they earned during the last school year.
"Last Friday, Matchbook Learning became aware that the holders of MTA's outstanding bond debt are refusing to allow use of funds for any summer payroll and instead, are requiring that any available funds be used toward payment of the bond debt," Matchbook's CEO Sajan George told teachers in the email. "We are disappointed and deeply saddened by this development because this means funds will not be there for July or August payroll."
Source Chalkbeat
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Charter School Bond Holders Refuse to Allow Use of Funds for Payroll
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Confess your sins to the Lord and you will be forgiven;
confess them to man and you will be laughed at.
-- Josh Billings
(Score: 4, Insightful) by Runaway1956 on Friday July 28 2017, @06:01PM (1 child)
Yeah, I think you're right on that one. You always make payroll, first. When I was in business for myself, I ensured that my people were paid, before I even looked to see if I would get a payday. I don't know about legalities, but that is the only ethical position to take.
I know that I can't afford to work for someone for a month or two for free. If I'm not getting paid, I sure don't want to spend on transportation to get to work, for starters. I need to spend THAT money on searching for a job where I get paid!!
(Score: 0, Funny) by Anonymous Coward on Friday July 28 2017, @11:06PM
Interesting! Can you tell about the time you were in business for yourself, Gramps Runaway? And tell us more about things you don't know. Did people actually wear an onion on their belts back then?