Big Apple parents are getting a crash course in cutthroat capitalism at their kid’s schools, which are strong-arming them into buying supplies at sky-high prices to pad the bottom line. The money-making scheme is generating windfall profits — tens of thousands of dollars citywide that’s getting tucked away in school slush funds, The Post has found.
At least 10 NYC schools’s have worked out a private deal with a small Chicago-based business, Yubbler, to sell supplies to parents — and split the profits with the PTA or school.
Why would the prison wardens school admins even ask for money to buy supplies?
With the Department of Education’s $24 billion annual budget, some parents wonder why schools ask them to buy pencils. Insiders suspect the real purpose behind pushing parents to buy supplies is for the schools to avoid spending money they get from the DOE on supplies. Their share of the profits can be spent on anything, including music or art programs, field trips, and other extras.
As if the high taxes weren't enough ...