Moody’s Investor Advice: Charters Draining Public Schools’ Budgets

28 Jan

While charter advocates assert that competition will cause public schools to improve, this is not what is happening in Pennsylvania. Charters make alluring promises and drain away students and funding. The public schools, with less resources, goes into a tailspin, soon finding that it must cut programs and services, making it less able to compete with charters.
Meanwhile, more than one Stanford study concludes that corporate Charters are mostly worse or the same as the public schools that they are destroying.

Diane Ravitch's blog

Moody’s Investors Servicrs paints a gloomy picture of the effects of charter schools on public schools in Pennsylvania.

Moody’s writes:

“Some fiscally stressed Pennsylvania public school districts have come up with new approaches for combating a primary pressure point: competition from charter schools, Moody’s Investor Service says in a new report. Some of the plans would be transformative, such as a proposal to send all students to other school districts and pay tuition, or to operate a public school district as all-charter.

“Some financially stressed districts have offered recovery proposals that fundamentally alter the nature of their public school district operations,” says Moody’s Assistant Vice President — Analyst, Dan Seymour. “The bold plans face near-term execution challenges, but are positive in the long run as some of these districts would continue to deteriorate without significant structural changes. The strong measures are more likely to lead to long-term financial and operational…

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Posted by on January 28, 2015 in Uncategorized


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