Happening in Florida QUOTE: “Another area where the distinction between public and private is blurred for the benefit of for-profits is in the issuing of bonds. Although Florida law prohibits charter schools from issuing bonds, Charter School USA has found a way. “When naming Jon Hage, CEO of Charter USA, as Floridian of the Year, Florida Trend in December 2012 contended that Charter School USA is the largest seller of charter school debt in the country. “It will sell $100 million worth of bonds this year, Hage says. … The bonds come with tax-exempt status because they are technically held by the nonprofit founding boards that oversee the schools.”
Posted on: Sun, 06 Apr 2014 00:41:41 +0000
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