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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   
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

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Original Submission

• Re:The elephant in the room here Re:The elephant in the room here (Score: 0) by Anonymous Coward on Saturday July 29 2017, @02:42AM (1 child)

  by Anonymous Coward on Saturday July 29 2017, @02:42AM (#546119)

  1. Bullshit. Charter schools don't make money magically appear,

  Riiiiight! They steal it from the public school system, siphoning tax dollars into pockets of "educational entreprenuers" and paying teachers little, or as in this case, nothing.

  Unions protect teachers from Republicans and other people who resent learning. Take it from someone who is a teacher. Yep, "bullshit schools".

  Cue, Monty Python's Flying Circus, The Meaning of Life

  MARIA: Yes. I used to work in the Académie Française, but it didn't do me any good at all,
  A-- and I once worked in the library in the Prado in Madrid, but it didn't teach me nothing, I recall,

  And the Library of Congress you'd have thought would hold some key,
  But it didn't, and neither did the Bodleian Library.

  In the British Museum I hoped to find some clue.
  I worked there from nine till six, read every volume through,

  But it didn't teach me nothing about life's mystery.
  I just kept getting older, and it got more difficult to see,

  Till, eventually, me eyes went and me arthritis got bad,
  And so now I'm cleaning up in here, but I can't be really sad,

  'Cause, you see, I feel that life's a game. You sometimes win or lose,
  And though I may be down right now, at least I don't work for Jews.

  Ah, yes, racism! Brown v. Board of Education! That is what charter schools are all about.

  Parent

• Re:The elephant in the room here (Score: 0) by Anonymous Coward on Saturday July 29 2017, @05:38PM

  by Anonymous Coward on Saturday July 29 2017, @05:38PM (#546342)

  Charter schools don't steal money. Well, maybe some do, who knows for sure, but the principle isn't theft. It's simply that the government is outsourcing that role, and some of their budget goes with it.

  If that's theft, maybe you and Mikey Moore can go arrest the executives of a few american machinery companies ...

  Parent