The DC Public Charter School Board has spent more than $1.1 million bailing out closing schools over the last five years, including $438,632 in last school year alone.
As a result of these charges, and a reduction in funding by the state school agency, the charters’ reserves dropped from $1.4 million in 2010 to $330,000 in 2011.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.