Saturday, June 13, 2015

It's always about the $$$$$

The structure of Charters is slim shady at best.

The school itself may be non-profit, but remember, the parent company does not have to be.

The school rents the land and building from the parent company which keeps the school cleanish, but rakes in millions for the companies that own them. It's quite a scheme.

http://www.wtsp.com/story/news/investigations/2014/08/21/charter-school-profits-on-real-estate/14420317/

Even if the school goes belly up, the parent companies own the property, buildings, equipment, etc, and can sell that off with no money coming to the local community that funded it through taxes.

At least the Taj Mahal Sheriff Bob built up in Largo is something the county owns.
Granted it is an $84million field of dreams that has kept absolutely none of his promises to the citizens of our county and granted he sits pretty in his lovely offices, and super duper new conference room, but at least he can't sell it and profit off of us all.

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