Rep. Eddie Farnsworth speaking at an October 2014 town hall in Mesa. According to media reports, Farnsworth will make nearly $14 million by selling his chain of charter schools to a non-profit company that will continue to contract Farnsworth to run the schools. Photo by Gage Skidmore | Flickr
We’ve been reading about it for months. Charter school CEOs, including a powerful Arizona legislator, are making millions off publicly funded charter schools.
Oh, well, we shrug. They took a risk, invested money, and made a profit. That’s what businesses do. Except Arizona charter schools aren’t supposed to function like private sector businesses. Rather, they are classified as public schools, receiving almost all of their funding from Arizona taxpayers.