- Apparently, there s a new charter study done by a former hedgefunder named Harry Wilson, that purports to show the IBO 2011 study was wrong that co-locatedMessage 1 of 1 , Oct 3, 2013View Source
Apparently, there’s a new charter study done by a former hedgefunder named Harry Wilson, that purports to show the IBO 2011 study was “wrong” that co-located charters got more public funding per student than public schools, supposedly b/c it underestimated future pension costs.
The NYPost and of course the Charter Center lobbyists are pouncing all over this study, done for an obscure organization called Save our States.
Charter schools offered free space in city educational facilities are actually a bargain for New York taxpayers, a new study shows.
The policy group Save Our States reports that charters in public school buildings cost more than $3,000 less per student less than regular public schools.
The big difference? Pensions and health costs for teachers and other staff are substantially higher for the traditional, unionized public schools compared to charters, which offer their employees 401ks rather than more generous defined benefit plans.
Here’s more about Wilson, adapted from a post I wrote about him in 2010 when he was running for State Comptroller. Wilson had agreed not to audit charter schools’ use of public funds if elected Comptroller, and now dares to do a “study” analyzing their finances:
Wilson is a former hedge fund operator, a “career investor” who has accused di Napoli of launching “politically motivated” charter audits, and pledged not to “harass” charter schools by auditing their use of public funds, no matter what the new law says.
Not surprisingly, Harry Wilson was the favored candidate of Bloomberg, as well as Bryan Lawrence, co-founder of Girls Prep charter, and Whitney Tilson of DFER fame, all of whom have contributed to his campaign. Here is an excerpt from Tilson’s endorsement of Wilson:
Harry is personally close to many in the charter school movement and was considering starting a charter school when he decided to serve in the Obama Administration instead….. DiNapoli engaged in a number of nuisance audits designed to harass charter schools in his early tenure as Comptroller. His attacks were so over the top, that the NY Charter Schools Assoc. sued him and the court agreed, finding that DiNapoli overstepped the bounds of his audit power …However, with the recent passage of legislation to race the charter school cap in the state, one of the provisions that was snuck in grants the Comptroller this same audit power over charter schools.
I wouldn’t doubt if Tilson and Lawrence funded this bogus study themselves.
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