This is a stunning research job by Jersey Jazzman about the money tree that is turning canny businessmen into multimillionaires by investing in charter schools.
They package financing from the U.S. Treasury Department, the U.S. Department of Education, the Walton Family Foundation, and they spin it into gold–for themselves.
The family charter group he describes controls over $100 million in real estate. They have gotten very, very rich.
Here is his conclusion. Please read the whole post. It is jaw-dropping.
“…while we can debate the relative merits of charter schools, one thing is quite certain: any notion that the charter industry is “all about the kids” needs to be dismissed, because there are adults who are clearly making a lot of money off of charter expansion. And it’s not just people like the Zuluetas: Bruno himself, according to Building Hope’s 2011 tax return, earned $388,709 in compensation and another $56,865 in benefits for a year’s work. In contrast, the average Florida teacher salary is $45,723.”
These are the same people who claim that teachers don’t put children first. What do they put first? It is not the children.