Moody’s: Charters Pose Serious Risk to Struggling Cities

Muncie Community Schools, leaders in Muncie, parents and teachers need to heed this warning from Moody’s. While charters aren’t the only culprit in our town, we need to pay attention to how parents choices to remove kids from urban schools are creating difficulties for the remaining parents, teachers, and students.

Diane Ravitch's blog

Back in the olden times, advocates claimed that charters would provide healthy competition and beneficial innovation. This would benefit the public schools and urban districts as well.

But it turned out to be a false promise.

By skimming off the best students in poor neighborhoods, charter schools leave the public schools in worse condition, overburdened with the neediest students that the charters don’t want and lacking the resources to educate them appropriately. Where the public school system is struggling to improve, charter schools may actually hasten their collapse.

Now Moody’s Investors’ Service has issued a bulletin warning that the proliferation of charters in economically weak cities damages those cities’ economic viability.

The report summary says:

The dramatic rise in charter school enrollments over the past decade is likely to create negative credit pressure on school districts in economically weak urban areas, says Moody’s Investors Service in a new report. Charter…

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