Charter schools owe Texas $26M for overstated admissions numbers
Source: By KAREN AYRES SMITH, The Dallas Morning News (TX), Saturday, April 5, 2008
AUSTIN - Texas charter schools have reaped $26 million in undeserved state money by filing incorrect student attendance reports, according to state financial records.
The Texas Education Agency, which oversees public education in the state, is working to recover $17 million of the $26 million from nearly half of the charters now operating in Texas. TEA records show that 20 schools went out of business before the state could recover its money, leaving taxpayers holding a $9 million bag of debt.