Stories
Slash Boxes
Comments

SoylentNews is people

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

 
This discussion has been archived. No new comments can be posted.
Charter School Bond Holders Refuse to Allow Use of Funds for Payroll | Log In/Create an Account | Top | 69 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Saturday July 29 2017, @12:43AM

    by Anonymous Coward on Saturday July 29 2017, @12:43AM (#546068)

    Probably not. That money that they were supposed to be paid during the summer was most likely money that they would have been paid during the school year. My mother has a similar arrangement with the college she works at. They give her an option about the number of pay checks she receives. It's the same amount of money either way, but it allows a bit more leeway in personal finances because of the length of the breaks.

    Ultimately, one of the huge problems with being a teacher is that you're not paid very well, to begin with, but you also have these long breaks where you're not making any money and have to be really careful about your budgeting. In this case, it's going to wind up in a large lawsuit as that's money that they earned and weren't paid.