New blog site DNAInfo Chicago had a great story on our UNO complaint here.
UNO has 13 charters in the Chicago Public Schools, and 12 received funding increases in the 2013 budget for a total outlay of $55.6 million. That’s tied directly to school attendance, but Woestehoff suggested that’s part of the problem, that UNO uses students as “collateral” in its loans.
A Standard & Poor’s report in September 2011 gave the school bonds a BBB- rating, warning of “considerable growth risk with two schools opening.” It made clear that UNO’s ability to repay was based on school population.
“That money they’re getting that’s supposed to be for children is being used to pay their debt,” Woestehoff charged. “That doesn’t seem like a healthy situation.”
Marsha Godard paid nearly $2,000 in fees to Chicago Bulls College Prep for her 16-year-old son’s disciplinary offenses that included not sitting up straight, and violating the school’s uniform dress code. Godard, whose story we’ve highlighted before, said this week that the rise of charter schools is robbing public schools of necessary funding to help its students learn.
“Chicago public schools are not getting the resources necessary to succeed,” Godard told MHP in a phone interview. “If you aren’t giving them money to come up, how can you expect them to come up?”
Godard’s son is not the only student racking up fees for behavioral offenses: Noble Network reportedly brought in about $200,000 in disciplinary fees in 2011, and almost $400,000 since the 2008-2009 school year.
That MSNBC piece repeated the Noble official’s quote from the 1/2/13 DNAInfo Chicago story that the fines “engage” parents. Yep. Just the same way that charter schools “empower” parents