Let’s try to reconcile a few apparently contradictory propositions about the American school system:
- Most local school districts are funded through property taxes.
- Property values in most major urban areas have literally never been higher.
- Urban schools are perpetually underfunded.
How does the math work out here? Well, you pull money out of the schools in any way you can. Set aside funding for experimental charter schools at the expense of existing public schools — because surely entrepreneurs can come up with some radically more effective way of educating students! Let those charter schools cherry-pick students and leave the students requiring more intensive work to the public schools. Set up testing regimes that penalize “underperforming” schools by cutting their funding.
And of course, this is all after you’ve taken money off the top through “tax increment funding” (TIF) districts that effectively cap the amount of property tax revenue that can go toward the schools and pool the gains into a slush fund to encourage further “development.” In Chicago, such districts have proven to be the salvation of blighted areas such as the Loop and the financial district.
It’s much more complicated than traditional “white flight,” but the underlying logic is the same. Systemic racism for the neoliberal age.