Charter School Audits: Not Good News

auditHow many struggling charters are too many?  The latest Florida Auditor General report is out.  It cites 92 (15%) out of 652 charters for general fund/unrestricted fund deficits.  In other words, they are spending more than they are taking in.  Six charters are in such bad financial shape, the report questions their ability to continue to operate.  When these audit reports come out, letters get sent and promises to do better are made until charters cannot pay their bills.

How many charters have failed in your district?

 

 

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POW! The League Says It Like It Is

money-40603_1280by Pat Hall

One of the most insidious parts of the charter movement is self dealing.  Many people are not aware of the millions of dollars charter management companies rake off the top in fees and real estate.  The Hillsborough League of Women Voters has been gathering data on Charter School USA profits.  The League is incensed.  Some states regulate profiteering; Florida does not.

Read Pat Hall’s article that appeared today in the Tampa Bay Times.  When I read it, I said:  POW!

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