Blogger note: Along with Pearson, K12, Inc. wrote and heavily lobbied for the enabling legislation for cyber charters. We can all breathe a collective sigh of relief that millions of tax dollars from all 500 PA school districts (none of whom ever authorized a cyber charter) will continue to flow unimpeded to K12, Inc. corporate salaries and bonuses
Morningstar: K12, Inc (LRN) Executive Compensation
Reprise Aug. 18, 2016: How can we improve the performance and accountability of Pennsylvania cyber charters?
The notebook Commentary by Lawrence A. Feinberg August 18, 2016 — 10:04am
If it sometimes seems as if “tuition-free” cyber charter ads are running non-stop, consider that in just one year, tax dollars paid for 19,298 local TV commercials for Agora Cyber Charter, just one of Pennsylvania’s 13 cyber charters. And far from being tuition-free, total cyber tuition paid by Pennsylvania taxpayers from 500 school districts for 2013, 2014 and 2015 was $393.5 million, $398.8 million and $436.1 million respectively. Those commercials were very effective, especially if you were an executive at K12 Inc., a for-profit company contracted to manage the cyber school. According to Agora’s 2013 IRS tax filing, it paid $69.5 million that year to K12 Inc. According to Morningstar, total executive compensation at K12 in 2013 was $21.37 million. What the ads don’t tell you is, first, that they are paid for with your school tax dollars instead of that money being spent in classrooms and, second, that academic performance at every one of Pennsylvania’s cyber charters has been consistently dismal. The Pennsylvania Department of Education considers a score of 70 to be passing on its School Performance Profile (SPP). Agora’s score for 2013 was 48.3, for 2014, it was 42.4, and the 2015 score was 46.4. In fact, not one of Pennsylvania’s cyber charters has achieved a passing SPP score of 70 in any of the three years that the SPP has been in effect.
Pennsylvania Bulletin Saturday, October 14, 2017 NOTICES - DEPARTMENT OF EDUCATION
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League of Women Voters Website Posted on November 17, 2017 by Sue Legg
The tax bills in the U.S. House and Senate have curious twists. According to the Alliance to Reclaim our Schools, 529 college savingsaccounts could be used for K12 private school tuition. Send your child to private school and get a tax break. The U.S. Senate’s tax plan allows a tax deduction as a charitable contribution for private school tuition. A second provision creates tax credits for corporate and individual contributions to state non profits that offer tuition payments for low and middle income families. The drive to get something passed in Congress, anything really, has resulted in a hodge podge of special interests that are certainly not in the public interest.
WITF Written by Katie Meyer, Capitol Bureau Chief | Nov 17, 2017 5:22 AM
(Harrisburg) -- Pennsylvania is already on track to have a significant budget gap next year.
A study from the Independent Fiscal Office shows lawmakers will likely need to come up with about a billion dollars to keep the books balanced. They only just finished this year's budget, four months behind schedule. It was mostly filled with borrowing, expected revenue from a gambling expansion, and a number of internal fund transfers. Much of the money isn't recurring, and that's a big reason why the IFO is predicting the state will have to find more cash next year. "The reason you see the potential shortfall recurring in the out-years is in part because of the tailing-off of that revenue package," IFO Deputy Director Mark Ryan said. If nothing changes, the imbalance is likely to grow to $1.8 billion the year after next, and then to more than $2 billion.
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