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
(Score: 2) by VLM on Saturday July 29 2017, @12:43PM
ugggh you are correct, I messed that all up.
Where I live the three charter schools are school district affiliated and "creationist charters" or whatever are a social media thing, although I'm sure they exist somewhere. Also I crossed the wires of this bankruptcy with the other Detroit bankruptcy.
https://en.wikipedia.org/wiki/Detroit_bankruptcy [wikipedia.org]