Big banks blamed for school funding cuts in Minneapolis

KARE 11 News.  October 10, 2011


MINNEAPOLIS - A Twin Cities neighborhood action group is blaming big banks for costing Minneapolis schools millions in state funding. The group, Neighborhoods Organizing for Change (NOC), linked home foreclosures to per-pupil funding.

"Wells Fargo's share of what it costs the Minneapolis Public Schools is $28 million," said Steve Fletcher, Executive Director of NOC. "I would like to see Wells Fargo write a $28 million check to the Minneapolis Public Schools. That would be a really good start. I would also like to see them agree to mediation for everybody facing foreclosure and I would like to see them start thinking about writing down principal to really adjust where the market is."

Watch the video at KARE 11.

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  • commented 2013-12-22 13:17:57 -0600
    Thank you
  • published this page in News at NOC 2012-01-04 20:04:44 -0600

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