Home > Uncategorized > The Real News Network Broadcasts the REAL Story Behind Funding Inequities… but Tweets Get More Coverage

The Real News Network Broadcasts the REAL Story Behind Funding Inequities… but Tweets Get More Coverage

The Real News Network Taya Graham provides comprehensive coverage of Maryland’s latest panel examining taxation policy and names one of the primary culprits: tax breaks for affluent developers. As Ms. Graham describes in her voice-over:

…the rich developers, who are building these luxury apartments, do not have to pay taxes for years. Meanwhile, when the state calculates school funding it includes the value of buildings in determining Baltimore’s share, even if they’re not paying taxes, which means the city stands to lose millions as it tries to fix decades of unequal funding.

In the end, the developers will sell their units for top dollar, the occupants of those units will either be childless or wealthy enough to send their children to one of Baltimore City’s prestigious private schools, and the public school system will be starved of the resources it needs to educate the rest of the population. As one speaker before the panel stated, “…buildings don’t create great students. Teachers and resources do.” And it goes without saying that teachers and resources cannot be provided so long as tax revenues are being withheld by those who are constructing luxury apartments on the waterfront.

 

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