by David SafierBefore I go into the substance of this post, let me mention an excellent post on Random Musings that adds to the discussion of Yarbrough's ACSTO paying about $400,000 a year to Yarbrough's HY Processing. "Random" quotes from the IRS rules governing 501(c)3 organizations, particularly the prohibition against "excess benefit transactions" where the … Read more
by David SafierFor those of you who don't get Steve Farley's weekly email report, here's his take on the Republican call (headed by Steve Yarbrough) for a special session to give private school tuition money to 400 children while schools, DES and health care are gutted: Meanwhile, the legislative majority and the Governor are still … Read more
by David SafierIf you read my post just before this one, you know I'm skeptical about a company Yarbrough set up, HY Processing, charging his STO about $400,000 a year for data processing. I've looked at the tax returns of a few other large Student Tuition Organizations, and none of them list any expenses related … Read more
by David SafierThe story I wrote about last night — Steve Yarbrough's Student Tuition Organization and the expenses it claims — is in the Star and the Republic today. Jen Darland and Lisa Hawkins, both from Tucson, held a press conference in Phoenix on the topic Monday, and both papers covered it in reasonable detail. … Read more
by David SafierThe Arizona Economic Council has put out a scorcher of an ad about our education funding.