Charters school should have to put up a bond to begin each school year equal to 3 time their annual budget. If they close abruptly, then they forfeit the bond money.
The charter industry is nearing a flection point. The number of schools that open each year is almost the same as the number that close. The charter industry is rushing to open new schools before the public is fully woke to the crisis of charter corruption.
The Network for Public Education started a hashtag (#) on Twitter called #AnotherDayAnotherCharterScandal. Every day a new scandal, sometimes two or three.
Mercedes Schneider describes the latest charter debacle in Texas, where Betsy DeVos has dropped many millions to open new charters.
The Texas Education Agency (TEA) will be closing the Kauffman Leadership Academy (KLA) (Cleburne) charter school with one week’s notice, as reported in WFAA.com.
In this February 13, 2020, letter to KLA leadership, TEA cites, “the [closure] order was issued as a result of the financial situation at the charter school having deteriorated significantly, including federal tax liens and levies issued…
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