The good news for... the new charter retail chains that are bubbling up like Pay Day Loans in the face of the destruction of public education through over thirty years of economic and social neglect, has just recently been signed into law under the nose of the corporate sock puppet press...
It’s really pretty simple: the plan calls for a transfer of the public title of public schools from the public sector to the private or non-profit sector. The entity who pays or paid for the public school title is of course the public, and through our taxes all this can be transferred now to the burgeoning retail charter chains like Green Dot and others — retail educational chains promoted and backed by philanthro-capitalists like Bill Gates, the Walton ‘family’, and Eli Broad: outfits like Alliance Public Schools that is seeking approval for eight new charters in Los Angeles as we speak.
Furthermore, there is nothing in the bill that states the charter chains must be non-profit or publicly run; on the contrary, they can trade on the New York Stock Exchange and still participate in the land grab. That’s good news for shareholders and CEO’s of these schools; a direct investment of public funds in their profiting schemes...
The passage into law of this bill gives them access over $900 million in voter-approved California Propositions 44, 55 and 1D funds for construction projects and simplifies the funding formula for charter schools so they can get their cash right way. The role of government under neo-liberalism is to transfer not just control to the new entrepreneurs, but the tax funding and public title to ‘for-profit’ or ‘non-profit’ charter school chains...
Here was the problem for the charter chains and why the bill was introduced and signed into law. Under current (old) California law...the taxpayer funds (couldn't) be released for the private charter school construction projects unless a school district (held) the property’s title...
Now the charters can hold the title which puts them on the road to public and private pillage. Charter schools lobbied for the new law, SB 92; they complained that the process to get their hands on taxpayer funds was excessive, resulting in delays in initiating projects or acquiring land...Their hands (were) tied, they claimed; they (couldn't) get to your wallet quickly or expeditously enough – too many regulations...
...All for the kids, of course, or at least that is what Arnold Schwarzenegger said when he signed the bill into law on October 12, 2009:
"I am committed to ensuring California’s kids have the opportunity for a quality education and charter schools are proving that their innovative approaches can provide it,” said Schwarzenegger. That is why I am signing these bills to cut red tape and simplify funding formulas to allow charter schools the chance to thrive here in our state...."
http://dailycensored.com/2009/11/17/good-news-for-charter-school-chains-in-california-asset-stripping-gives-them-titles-to-public-schools/