A mismanaged charter school in Kingsbridge, Bronx has been shuttered by the New York State Board of Regents. It could not manage its budget, it has been without a principal for nearly half a year, and its board of trustees fired five of eleven teachers.
(Need we more proof of the failure of privitization of schools?)
See the report by Yoav Gonen, "The New York Post," May 18, 2011
In an unprecedented move, the State Board of Regents yesterday revoked the charter of a Bronx school that hasn't even completed a full year of service.
The action was sparked by significant concerns about the financial and educational operations at the Kingsbridge Innovative Design Charter School, which has been operating without a principal since January, according to state officials.
Budget shortfalls prompted the board of trustees to fire five of 11 teachers midyear.
"The school is not fiscally sound, and is in danger of not having sufficient cash to meet its payroll and other expenses at any time," read the revocation notice, which was unanimously approved.
Kingsbridge officials and many parents fought the potential revocation since they were notified that the school was being placed on probation in March.
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This is unfortunate.
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