“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?
Written and edited by Norm Scott: EDUCATE! ORGANIZE!! MOBILIZE!!! Three pillars of The Resistance – 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 link up with bands of resisters. Nothing will change unless WE ALL GET INVOLVED IN THE STRUGGLE!
Saturday, May 8, 2010
Juan Gonzalez: Big Banks Making a Bundle On New Construction as Schools Bear the Cost
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