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Charter School Bond Holders Refuse to Allow Use of Funds for Payroll

posted by martyb on Friday July 28 2017, @04:17PM   Printer-friendly
from the all-work-and-no-pay dept.

n1 writes:

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

Original Submission

 
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  • (Score: 0) by Anonymous Coward on Saturday July 29 2017, @12:39AM

    by Anonymous Coward on Saturday July 29 2017, @12:39AM (#546065)

    Michigan law requires that. I believe there is a loophole for independent contractors, but if you're a regular employee, you have to be paid within 15 days of the end of the pay period in Michigan.

    Personally, I'd be finding an attorney right now if I was one of those teachers because this is almost certainly not legal.