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
Im just going to say it. This voucher school that Grant Meier and Bry Coleman are opening in Racine, Wisconsin is a racket. Im 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!