“Wealthy investors and major banks have been making windfall profits by using a little-known federal tax break to finance new charter-school construction,” Democracy Now! co-host Juan Gonzalez write in the New York Daily News. “The program, the New Markets Tax Credit, is so lucrative that a lender who uses it can almost double his money in seven years.”
See video at Democracy Now.
Reminder: Leonie Haimson gives Juan Gonzalez the Skinny Award on May 20. You are invited.(Support Class Size Matters with a $75 or $100 contribution.) Details here.
By the way, which newspaper in NYC has the most intrepid ed reporters - named Gonzalez, Kolodner and Monahan?
EDUCATE! ORGANIZE!! MOBILIZE!!! These are the three pillars on which Ed Notes is founded – providing information on current ed issues, organizing activities around fighting for public education in NYC and beyond and exposing the motives behind the education deformers. We are part of a tiny band of resisters. Nothing will change unless YOU GET INVOLVED IN THE STRUGGLE!
Saturday, May 8, 2010
Juan Gonzalez: Big Banks Making a Bundle On New Construction as Schools Bear the Cost
Labels:
charter schools,
Juan Gonzalez
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