Word: mergerism
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Cambridge spends more per student than any other city in the state but faces major gaps in achievement by poor and minority students and persistent declines in enrollment. The district is in the midst of a hotly-contested elementary school merger process, and the state announced this week that the Department of Education considers six of its schools to be underperforming...
...recent weeks, hundreds of parents have turned out at committee meetings to protest the merger proposals. They used hours of the public comment periods to complain they had not been notified of changes that would affect their schools. Some had gone as far as to suggest that D’Alessandro be fired...
...other committee members say the turmoil over merger plans did not affect their vote. Joseph G. Grassi calls consolidation a “passing issue” and focuses instead on D’Alessandro’s failure to address long-term educational goals...
...TAXES A merger will not immediately affect any built-up gains or losses in your shares. But afterward, a manager is likely to sell some securities to reconstitute the portfolio to his liking. Any net capital gains will be passed on to investors. This could create a tax hit unless you balance gains with losses or your shares are in a tax-free account...
...FEES AND EXPENSES You will probably get the same deal or a better one in a merged fund, if only because fund companies don't want to add investor ire about fees to investor doubts about the wisdom of a merger. If you're a load-fund investor, staying put after a merger means you will not have to pay another commission on a different fund...