D.C. Charter Schools Improve Financial Performance
Puts choice on a firmer footing
District charter schools had fewer financial problems in fiscal 2012 compared to the year before, according to a report released Wednesday by two city agencies and the D.C. Public Charter School Board.
The study, based on an examination of schools' annual financial audits, is meant to help identify and address fiscal weaknesses before they mushroom into problems that force a school to shut its doors.
It flagged three charters for poor fiscal performance during the year ending June 30, 2012, down from 13 the year before.