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Darcie Cimarusti, communications director for the Network for Public Education, reports on the assault on public school funding in Iowa. K12 Inc., the for-profit virtual charter chain, listed on the New York Stock Exchange, is noted for high attrition rates, low graduation rates, low test scores, and high profits. Its top executives are each paid millions of dollars.
In multiple states across the country omnibus schools choice bills with sweeping charter and voucher provisions have been introduced. NPE Action has been following these bills here. Just such a bill was introduced in Iowa, SSB 1065 which would modify the state’s existing charter school law, which requires the approval of a local school board, to allow charter applicants to apply directly to the state board for a charter with no local approval required. Lobbying disclosures show that K12 Inc., which recently rebranded as Stride, Inc., has lobbied in favor of the bill.
Should the Iowa legislature send this bill to Governor Kim Reynolds’ desk, no doubt K12’s lobbying efforts will intensify. Currently K12 operates 51 online charter schools in 20 states.
Iowa may be next.