Atlanta’s charter schools will not be required to help fund the school district’s unfunded pension liability, thanks to a Sept. 22 Georgia Supreme Court ruling.
The pension debt, which had been accumulating since the 1970s, was around $550 million, and in May, Atlanta Public Schools announced plans to deduct $38.6 million from the charter schools’ portion of the budget before allotting it.
The school system does not have the authority to do that, the court ruled.
“This is a tremendous relief,” said Nina Rubin, director of communications for the Georgia Charter School Association.
Source: Watchdog.org. Read full article. (link)