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Showing posts with the label Moody's

Charter News

The New York Times weighs in on the discussion going on during their mayoral race over charter schools.   They seem to lean towards them as good but they seem to have a negative for every positive.  The key seems to be oversight and accountability.  Not enough to make sure that the poor-performing ones are shut down quickly.  (And I recommend reading the comments - they do not lean towards charters.) Meanwhile, The Washington Post reports that Moody's says charter schools are hurting urban public districts.  Philadelphia is one of several urban public school districts where the rise of charter schools poses a threat to district finances, according to Moody’s, the credit rating agency. In 2003, the Philadelphia district spent 7.9 percent of its general fund on charters. By fiscal 2012, the schools ate up 23.7 percent of the fund. “While the vast majority of traditional public districts are managing through the rise of charter schools without a...