I just read at 'The Philadelphia Inquirer' about how two charter schools in Philadelphia are in trouble. One is shutting down unexpectedly on December 23rd, 2014.
Much like what happened in Bethlehem when the Vitalistic Therapeutic Charter School abruptly shut down in January 2013. The closure came after the school was accused of misusing taxpayers' money.
As a result this was expected to cost the ASD over $950,000 in order to reabsorb those students back into the city's public schools.
This is not all that unusual from what is going on in other areas. Setting aside arguments to whether public or private educators do a better job when it comes to educating students or their special needs, let's focus solely on the bottom line.. solvency.
A Common Sense Solution
Back in the 60's I looked into applying for a commercial radio broadcast license from the FCC. Even before the FCC's mandatory engineering studies would be considered a applicant was required to prove they would have one year's operating expenses remaining after the initial startup costs. Why shouldn't a charter school be so required before the beginning of each school term?
It seems to me it would be a good idea legislation be passed that would make this a requirement before school districts make their initial payments to them each year. This makes sense to me because school districts plan their budgets for each coming school year. When one of these go belly up why should suddenly taxpayers be on the hook for nearly a million dollars (possibly much more) in unbudgeted expenses?
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