Friday, October 26, 2012

Memphis raises taxes to subsidize privatized schools

Shelby County is raising taxes on the backs of its most vulnerable so that charter school operators are subsidized to ply their trade in Memphis:

The County solution: raise the sales tax another penny, which will push this most regressive tax (which includes taxing food) to over 10% (TN is #1 in the nation for highest sales tax).  Oh yes, and in the meantime, reduce property taxes so that the immeasurably unfair tax on the poor will be even more so.

Projected take?  About $54 million, which would cover the annual amount estimated by the State to cover the loss of revenue to fund the new charters.  Meanwhile, the charters under the new State Recovery School District (RSD) (think NOLA) will get to take over the school buildings that are being closed to create charters.

The corporations that run these charters, then, will have huge advantages over non-RSD schools, so the State, in effect will be the ultimate decider on which of these "market-based solutions" get to thrive as the 21st Century solution to the "white man's burden" in Memphis.

Bill Gates and Tennessee Stand for Children also had a hand in Shelby County's raising of taxes for resegregating schools as orchestrated by red-state Tennessee. Things are getting ugly in Memphis.

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