Accountability, Privatization of Public Education

JCTA blocked transparency of private money (equity) contracts

In 2016, according to a post made by JCTA member and candidate for JCTA Vice President, Randy Wieck, 

JCTA blocked transparency of the private money (equity) contracts, so-called “proprietary”, in 2016 (see bottom of Action from 2016). The private money firms divulge what they choose, and charge what they like, and this cannot be revealed to JCTA/KEA members. (See Beau Barnes, open records request 2014)

According to the Feb. 2016 ACTION newsletter distributed by JCTA, SB2 would have required KTRS to publicly disclose information on secret, no bid private equity contracts. Claiming disclosure would prevent these types of investment opportunities in the future, JCTA supported keeping the information private, and applauded the removal of these transparency provisions in the revised legislation. (See bottom of newsletter.)