(National Sentinel) For the Record: While much of the “mainstream” media has been fawning over NBA star LeBron James’ “I Promise School” for at-risk youth that he is launching in his hometown of Akron, Ohio, one little detail they all forgot to report was that local taxpayers making far less than his average of $33 million a year will be picking up the vast majority of its operating budget.
Granted, James and his family foundation are fronting millions to remodel and upgrade an existing school and then will pour $2 million more a year into its operation, but according to local media, that is just a quarter of what taxpayers will be stuck with.
The Western Journal reported:
Although James and his foundation are putting in millions for renovations and have promised to invest even more to support its pupils once the school starts operating, the Akron School District will bear the brunt of the annual operating costs, according to Cleveland.com.
The means that although the LeBron James Family Foundation will kick in about $2 million per year for the I Promise School, Akron taxpayers will bear about 75 percent of the costs – estimated to be $8 million.
“The coverage made it look like the whole thing is his. He did a lot, but taxpayers should know it’s their investment too,” Akron schools spokesman Mark Williamson told Cleveland.com.
Taxpayers have a role because the school is not a private charter school, but will be a part of the Akron public school system.
Report says TAXPAYERS in Akron Ohio fund “LeBron’s, I Promise School” to the tune of $8 million a year. Taxpayers didn’t get the applause that James did over this announcement nor did they take a bow like he did. This is called stealing someone’s thunder. https://t.co/t3sPlOXsrj
— David A. Clarke, Jr. (@SheriffClarke) August 8, 2018
“This shouldn’t undo the praise LeBron has received. A $2 million annual donation is still quite sizable. Just because it doesn’t cover the entire cost of the school doesn’t somehow make LeBron not philanthropic,” wrote Dan Feldman of NBC Sports in a report on Yahoo News. “But, like with most things, it is helpful to understand the entire context.”
It sure is.