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#FireChadConnelly … FIRED?!?!?

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Saturday before last we shared with you the actual JUNE 30, 2020 Exceptional SC bank statements.  The SC Department of Revenue provided them to us … and unfortunately these official documents exposed the real truth … only  $107,338.68 (less outstanding checks) in the bank … and only $8.91 in their brokerage account.

This past week we keep hearing the “chatter” from multiple unrelated sources … is all abuzz with TWO CLAIMS:

#FireChadConnelly (and his entire “team”) are GONE … 

 #RemoveTomPersons is OUT as Board Chairman and OFF the Board completely…

Finally … the straw that broke the camel’s back … And as people say … LinkedIN never lies.  Chad Connelly was super quick at updating his business profile online.  It is pretty easy to tell where his priorities have always been with his LinkedIN:

No formal announcement … as of yet … although FITSNews broke the story on Saturday:

https://www.fitsnews.com/2020/08/01/south-carolinas-government-run-school-choice-program-is-in-trouble/ 

Obviously this is HUGE NEWS … and there has been no “formal” announcement from Exceptional SC … but we do not think this is an episode of “Punked” … the sources are too numerous and too broad and too unrelated to each other … and as we said this is LONG OVERDUE … so not unexpected at all.

WHY are Connelly & Persons GONE … as if we have to tell you, right?  Most of you know.  Look above … only $40 / incumbent is in the bank today, and we have schools starting next week.  10% scholarships last semester … so families expecting $5,000 only received $500 … and all new families received ZERO.  Tons of problems … big and small … including multiple data breaches … and worst of all … these two people (Connelly & Persons) actively opposed changes and fixes that would have FULLY FUNDED all of our kids … but in doing so would have cut-off their “personal” money flow and control over the program.  All because they did not want this program to be run by independent non-profits … just like EVERY OTHER STATE IN THE NATION for 300,000 students annually.

Connelly & Persons picked themselves over the children … and that was nothing less than unforgivable.  #FollowTheMoney!!!

And then there is the 2% Administrative Fee Cap … and allegations of EMBEZZLEMENT.  That all came out January 25th, 2020 … based on CPA & DOR financial reports.  It is ongoing and not going to be pretty when it all comes out (hopefully sooner rather than later with these new developments) … but if anything … this overspending may be the straw that broke the camel’s back … at least with the SC Department of Revenue. 

Nobody seemed to care (other than a few of our legislator friends … not even the mainstream press) when kids did not get funding … and schools were closing over this mess … but when “important” people might have serious legal liability … and perhaps criminal charges … that fear perhaps is what spurred someone to ACT … finally!!! 

The ongoing question?  So, was all this apparently illegal activity limited to just Chad Connelly and Tom Persons … who seemed to be driving the ship into the ground and refusing all requests for transparency … and were aided by their CPA Firm (who is now not “independent” … which is a huge red flag) & their lawyer(s) …. and backed up by the SC Department of Revenue (who actively opposes this program for political reasons) … or is it a broader problem?

More to come on all of this … we are sure.

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For Parents

H 3899 Bill Filed … a JOKE!!!

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Well, the legislators leading this fiasco showed their agenda AGAIN last week … and it is NOT ABOUT KIDS!!!

What did they do???

They “rewarded” the (not so) Exceptional SC Board with a QUADRUPLED INCREASE in their Administrative Fees …

And worse … they are removing the LEGISLATIVE APPOINTMENT language so the BOARD WILL BE PERMANENT … and legislators will be able to say “there is nothing we can do”?!?!?!

It is getting to a BREAKING POINT … they are getting DESPERATE … and this bill is perfect evidence of that desperation!!!

And if you think that is all bad … this is a FIRST IN THE NATION …

… they want the SC Department of Education to “donate” $12 MILLION to (not so) Exceptional SC. SAY WHAT???

Read it … it is right there in the title of the bill (picture up top) … or read the bill here

Insanity!!!  Another square peg in a round hole. ANYTHING except what every other state does …

#FollowTheMoney!!!

“Who” is behind it?

Rep. Jason Elliott (R – Greenville)

Rep. Shannon Erickson (R – Beaufort)

https://www.scstatehouse.gov/member.php?code=0539772663

It is personal folks … and these legislators care more about their personal vendettas and their “monied” SPECIAL INTEREST supporters … than they do about YOUR KIDS!!!

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For Parents

SCHOLARSHIP GRANTS UPDATE!!!

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Well, we are getting reports from parents and school officials that the checks that are going out are approximately 20% of tuition.

Why would (not so) Exceptional SC not tell parents how much specifically they were receiving … or even generally how much … we can only speculate … but we are hearing the amounts are approximately 20%.

The home stretch of the 2020-2021 school year is here … the promised funding is not … there is not even a plan in place on what to expect …. other than the pitiful 20% no communications whatsoever!!! Politics over children … AGAIN?

We offered a solution … to raise the full 2020 $12 million by 12/31 …. and next year’s $12 million in early January 2021.  That was $24 MILLION by 1/31/2021!!! Well … they knew better … NOT!

Yet YOU lost $7.5 MILLION in 2019 … $8 MILLION in 2020 … and with the current fundraising pace … YOU will lose even more in 2021.

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For Parents

$2,200 Raised in January – $70 MILLION in Georgia!!!

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South Carolina Tax Credit Fail

This is insane … this is ridiculous.

Georgia INDEPENDENT NON-PROFITS as a comparison raised $70 MILLION in just the first 8 days of January. $70 MILLION vs. $2,200!!!

And remember, we gave legislators a PLAN for $24 MILLION to be raised by 1/21/2021 … at no cost to the SC Budget. 

It was simple … and FREE … until Rep. Jason Elliott (R – Greenville) KILLED IT!!!

Rep. Elliott is in the bag for Palmetto Promise Institute, Jim DeMint (his former employer) … and the MONIED SPECIAL INTEREST like ClassWallet!!!

Your kids are suffering …. and Rep. Jason Elliott is one of the biggest problems!!!

And worse … he is our personal House Rep. here in Greenville District 22.  It is not pretty!!!

#FollowTheMoney!!!

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