Charter Schools Are Awesome!

promoted by Rosi

Except when they ain’t, which is most of the time.  Usually charter schools — despite many administrative advantages over other public schools — fall squarely in the mean for accomplishment.

It’s very rare that other public schools, though, cause defaults on millions of dollars in debt issued not by school districts by agencies responsible for ports.

The tax-exempt status of a Camden charter school has been revoked by the Internal Revenue Service. That puts $8.5 million in bonds at risk of losing their tax exemption.Rutgers University-Camden guaranteed the bonds which were issued by the Delaware River Port Authority, the bridge and light rail agency.

And the reason the IRS revoked the tax-exempt status? The school didn’t file required reports due to “conflicting advice.”


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