Thursday, April 9, 2009

Public Schools, Private Money

Mary Porter has left a new comment on your post: The Broad Prize for Losers:

Here's a note I sent to a member of congress who sits on the Finance Committee. I'm hoping others will take up the financial approach to rein in Arne Duncan's massive giveaway to the eduprofiteers, and save public education from Eli Broad.

Please take a moment to look this over, it points to specific hearings the Finance Committee can hold. Similar efforts by the New York City Council are underway now.

The New York City Council met April 1 to investigate education funding contracting, and they have found an excellent example of the oversight gap:
The Bloomberg administration created a "non-profit" foundation, The Fund for Public Schools, which does not need to file financial disclosure statements, submit contracts for bids, or meet public disclosure requirements in its sub-contracts, because it is a supposedly private entity. Here are the specifics, with links to other sources:

Public Schools, Private Money
April 2nd, 2009

I am asking the Finance Committee to conduct hearings similar to the one in NY City, to investigate current public gifts to the edubusiness industry, and to draft legislation requiring that all foundations which are designated to receive the Education Stimulus money be required to file full financial disclosure statements. All their subsequent subcontractors must do the same, to account for who eventually receives the public money.

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