Got 4% in cash? Bankruptcy in process? NO PROBLEM. You TOO can operate your own voucher school in Wi
http://www.bluecheddar.net/?p=32209
I’m just going to say it. This voucher school that Grant Meier and Bry Coleman are opening in Racine, Wisconsin is a racket. I’m dumbfounded that this got approved by DPI.
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Grant Meier can invest $20K in the Evergreen Elementary School and come out with a $120K salary, no education experience required. For newly minted self-proclaimed principal Grant Meier, the earnings will be $1,666 per pupil. Consider that two other area principals earn $250/pupil and $194/pupil. [see the numbers for that at the end of the post]
His $20,000 investment will be only 4.1% of the total budget for the operation with about 1.4% coming from fund-raising and 94.5% coming from the State of Wisconsin. Meier thought he would have some money from his business partner Coleman but then Coleman went bankrupt – something Meier learned about after the Journal Times got involved in the situation:
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“Total school revenue is estimated at $491,024 for the first year, made up of $20,000 in operator contributions, $7,200 from fundraising and $463,824 in voucher money. For that same year, expenses are expected to be $457,653 including rent, taxes, financial services, phone and Internet service, classroom supplies and salaries — each of five teachers will make $45,000 annually with no benefits offered, documents show.” – source
Legal theft of our tax dollars. Hey Holder, I think the RICO statutes apply to Fitzwalkerstan!
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