And Team CFA likes to keep the money in the family:
In fall of 2016 Aristotle Prep -CFA received an F from the state and failed to meet academic growth standards. This year Aristotle Prep – CFA received a D. Last year Aristotle enrollment was 150 students, compared with 550 projected when it received the charter. The Aristotle Prep – CFA and Achievement for All Children contract requires state Board of Education approval. A fundamental problem is that Aristotle’s board did not seek proposals from other management companies. It seems a sweetheart deal for Aristotle Prep-CFA was arranged by a network of TeamCFA members.
In this case, the advisory board requested a three-person panel of state Board of Education members to review the Aristotle Prep -CFA plan. The trio endorsed the plan originally, but conflict of interest concerns moved the full board voted unanimously to defer action and get a ruling from the ethics commission.
That's a pretty sweet deal if you think about it: Screw up the academic status of your school while bilking taxpayers for tuition, which then triggers an "in-house" contract to fix the problem you created. Making money coming and going. Be on the lookout for these charter school pirates sailing into your home town:
http://ift.tt/2i94QtK
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