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California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29

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California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29 - Hallo friend SMART KIDS, In the article you read this time with the title California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29, we have prepared well for this article you read and download the information therein. hopefully fill posts Article baby, Article care, Article education, Article recipes, we write this you can understand. Well, happy reading.

Title : California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29
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California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29

California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29

California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason


On September 07, 2018, California Governor Jerry Brown signed into law a bill authored by Assemblyman Kevin McCarthy prohibiting for-profit charter schools in California, effective July 01, 2019. From the bill:
On and after July 1, 2019, a petitioner that submits a charter petition or a charter school that submits a charter renewal or material revision application shall not operate as, or be operated by, a for-profit corporation, a for-profit educational management organization, or a for-profit charter management organization. For purposes of this section, a for-profit educational management organization and a for-profit charter management organization are entities that manage or operate a charter school.
For-profit charter schools currently operating in California must convert to non-profit management prior to each school’s renewal deadline.
For-profit virtual charter operator, K12, has a shady, self-serving history in California, including draining a school of funding and presenting the appearance of no debt (and, therefore, the appearance of a successful school) by washing the school’s books via a creation called a “balanced budget credit.” Though in July 2016, California Attorney General Kamala Harris charged that K12 funneled $168.5M via the “balanced budget credits” game, K12 settled (without admitting guilt) for $8.5M– and was still allowed to operate in California.
McCarthy’s bill prohibiting for-profit charter schools in California was first introduced in February 2017; the first analysis of the bill (California Assembly, May 09, 2017) focuses on K12’s profiteering as justification for the legislation:
Appropriate use of taxpayer dollars? While current law explicitly authorizes a charter school to operate as a nonprofit corporation, statute is silent on whether a charter school is permitted to operate as a for-profit corporation. Because of the permissive nature of the Education Code and absent a clear prohibition, several charter schools are currently operating as for-profit corporations.
The California Charter School Association indicates there are six for-profit charter schools in California. California Virtual Academies (CAVA) is California’s largest provider of online public K-12 education and a public charter school network that exists entirely online. Students take classes Continue reading: California Gives For-Profit Charters the Boot, K12 Inc. Largely the Reason | deutsch29








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