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Wall Street wants in on public school construction, and that’s scary

We’ve long heard the same false claims about using public-private partnerships to build infrastructure like toll roads, but not public schools. Until now. Private equity firms and Wall Street banks say public-private partnerships are cheaper, which is flat-out wrong. State and local governments can borrow money using low-cost municipal bonds. Why should they pay extra to make private investors rich?

Source: In the Public Interest

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Unholy Alliance: California Courts’ Use of Private Debt Collectors

A new report by the California Reinvestment Coalition reveals that the privatized system of public debt collection is pervaded with systematic racism. This research showed that the collection of fines and fees is a regressive form of income generation for municipalities. Private debt collectors profit from fines and fees assessed on poor people, facilitated by the state of California. However, the revenue to counties from collecting these fines and fees is miniscule; this system only benefits the private debt collectors.

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