More than 100 of the 544 charter schools in Arizona are in danger of closing because of excessive debt and other financial troubles, according to a recent report.
Self-described centrist think tank Grand Canyon Institute found that 105 charter schools in the state were losing more than $400 per student, per year.
"You will see a bunch of charters folding suddenly," said Curt Cardine, the study's main author. Cardine is a former charter executive for EdKey Inc., a large Arizona charter chain that had a $7.74 million net deficit as of June 30, 2018.
Arizona State Board for Charter Schools Chairwoman Kathy Senseman disputes that so many charters will close, saying Grand Canyon Institute's estimates are "a little inflated."
Sunday, January 13, 2019
If Only This Could Happen To Public Schools, Too
I'm a supporter of charter schools and vouchers. I'm also a supporter of fiscal responsibility. Any organization that isn't a good steward of public funds should be shut down. Why is this belief celebrated in the press only when applied to charter schools, though?
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A state auditor found that LAUSD is 3 years away from bankruptcy. In other news, LAUSD teachers are on strike for higher wages and demanding about 1000 new district hires...and a limit to charter schools.
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