Friday, October 24, 2008

Students get first Capital Gains checks

The first payments have been sent out to eligible students of the Capital Gains program. Much like all things related to DC government it wasn't without a hitch or two.
And on yesterday's first payday under the "Capital Gains" plan, kids at the 15 eligible schools cashed in. They earned a total of $137,813 from the initiative, a joint venture of the District and Harvard University. Students can earn a maximum of $100 every two weeks. The average award yesterday was $43.

Unfortunately, students at Shaw at Garnet-Patterson got a lesson officials hadn't planned on: Your check might not be as hefty as you expected.

Although students received credit for reaching achievement targets in reading, math and science, a computer error shorted them on attendance and behavior. Dena Iverson, a spokeswoman for Schools Chancellor Michelle A. Rhee, said the problem appeared to be unique to Shaw, but at least one other school, Whittier, also reported problems. Iverson said the students will get the money they are due in their next check.

Shaw Principal Brian Betts did his best to make it a teachable moment.

"Mr. Betts once had a job where he didn't get paid for four weeks," he told teacher Brian Diamond's sixth-grade homeroom as he distributed the checks.
I get that same look each time I look at the percentage of $$$ the gov't removes from my paycheck.

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