Inefficient and inequitable school construction- and how banks profit off of it


Okay, Nerd Herders- this is for you:

“When you think of schools as an infrastructure project, local control presents a unique problem: it’s inefficient and inequitable. 

It’s inefficient because you’re asking every local school board in the country to borrow millions of dollars to construct or renovate school buildings. Inevitably, when a tiny school board works with financial firms to borrow money, they get fleeced. It’s inequitable because smaller school districts with less taxable wealth are hit with higher fees, which means that the poorest communities get the least out of their education dollars.”

A long read but one VERY worthy of the time and consideration. Catch the whole thing here.

Thanks to Julian Heilig for sharing.