District Schools in the News Entry 2: D.C. Misses $103 Million Payment to Charter Schools

This just in, from the The Washington Post:

“The District missed a $103 million payment due to its 60 charter schools this morning, triggering serious cash flow problems for many of the publicly funded, independently operated schools and raising new questions about D.C. government’s ability to meet its commitments as revenue declines. The delay means that some schools will not be able to meet their payroll.”

http://www.washingtonpost.com/wp-dyn/content/article/2009/07/15/AR2009071502301.html

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