Charter schools to campaign with public for new tax revenue, and share proceeds

[The Straight Story]

L.A. school board approves wide-ranging pact with charters

Financially struggling charter schools have secured a commitment for low-interest loans as part of a wide-ranging pact with the Los Angeles school system.

The agreement, approved Tuesday by the Board of Education, also sets up a fledgling though uneasy political alliance to raise new funds. Under it, charter schools and the Los Angeles Unified School District would campaign together to raise tax revenue--and then share the proceeds.

Charter schools are independently managed, free from many restrictions that govern traditional schools. About 10% of L.A. Unified students attend charters.

The agreement on low-interest loans would be groundbreaking in California, said Jed Wallace, head of the California Charter Schools Assn. The loans “are not going to cost the district anything, but yet it could help save the charter schools of Los Angeles.”

The loans would be especially timely because of the ongoing state budget crisis, particularly as the state has delayed substantial payments to schools for months.

http://latimesblogs.latimes.com/lanow/2010/11/la-school-board-approves-wide-ranging-pact-with-charters-.html

[The Straight Story]

1. morning kick (nt)

[MadHound]

2. The assault on public schools proceeds apace,

California doesn't have money to fund its public schools, but apparently has money to fund charter schools.

We're going to see more and more of this unless the president and Democratic leaders take a stand:rofl: Like that's going to happen.