Carol Burris at the Network for Public Education highlights the way charter schools are attempting to claim COVID-19 stimulus funds meant for small businesses.
|Small businesses that employ our students’ parents are devastated by COVID-19. And we are glad that the Small Business Administration is giving those businesses low-interest loans to keep their employees on the payroll. It is shocking, therefore, that the National Alliance of Public Charter Schools is actively encouraging its members to take advantage of those taxpayer funds, although charter schools’ income streams have not been interrupted at all. Tell Congress that publicly funded charter schools should not be eligible for funds to save small businesses. They are still amply funded by taxpayers. Federal funding should be reserved for businesses in need.|
|This disappointing abuse of these funds did not happen by accident. Read below what Nina Rees, the Executive Director of the National Alliance of Public Charter Schools included in her weekly newsletter: “The U.S. Small Business Administration (SBA) now has authority to offer emergency loans to both small businesses and nonprofits under its Economic Injury Disaster Loan (EIDL) program in eligible areas. While SBA authorities are focused on small businesses, we worked with federal lawmakers to ensure that the loan funding for this crisis is offered to charter schools and other nonprofits to borrow up to $2 million for up to 30 years at 2.75 percent for nonprofits.” By the way, some of these loans will not need to be repaid. Charters claim they need the money because they have to give out laptops to their students. So do public schools. Charters claim they may lose donations. It is doubtful that the billionaires who give them money will stop. When crises occur, billionaires do just fine. And remember, like public schools charter schools are still receiving public funds. Send your email today.|
For more on education politics and policy in Tennessee, follow @TNEdReport