Vowing to fight public school profiteering, Democratic state lawmakers have introduced legislation that would either block or seriously limit for-profit companies ability to operate charter schools in California.
The two proposals seek to address a growing concern among legislators that Wall Street-traded companies managing some of the states charters are raking in mountains of state aid while providing students a poor education.
Democratic Assemblyman Kevin McCarty of Sacramento authored one of the measures, Assembly Bill 406, because he said for-profit firms havent proven they can manage high-achieving schools and shouldnt be allowed to fail any longer on taxpayers dimeeven if the Trump administration thinks otherwise.
When we allow private companies to run public schools, we invite them to focus on shareholders and profit margins instead of on children and student achievement, McCarty said in an interview. Profiting off the public good is bad public policy.
He says he first learned of the problem last year when a San Jose Mercury News investigation cited state data showing that K12 Inc.the biggest for-profit firm of its kind in the statereaps tens of millions of taxpayer dollars annually while operating online academies that graduate fewer than half of their high school students.
When DeVos husband Dick ran for governor of Michigan in 2006, he disclosed that they were early investors in K12. And as chairwoman of the American Federation for Children, a school choice advocacy group, Betsy DeVos repeatedly called for expanding families access to online virtual schools.
https://calmatters.org/articles/california-bills-aim-crack-profit-charter-schools/