Illustration: FRBSF
Charter schools are among the big winners in the tax cut extender deal signed into law on December 17 by President Barack Obama.
Section 733 of H.R. 4853 provides for an additional $7 Billion in 2010/2011 New Market Tax Credits, an economic development program created in 2000 during the Clinton Administration.
So-called Community Development Entities can apply for these tax credits on behalf of non-profits such as charter schools, and package them for wealthy investors who use the credits to reduce their own IRS obligations. To someone in the highest tax bracket, the after-tax equivalent return on such an investment can be about 10-12% per year, with minimal risk. Continue reading
Sometimes it’s easy to tell a story. Here are the first two items in the October 29th “Rise & Shine” story listing on the education blog 
City Limits
“The vast majority of the members of the commission publicly are opposed to term limits, period.”
What charter revision?
Since July, 2004, when Public Law 108-271 changed the name of the General Accounting Office to the 
CityPragmatist 