N.C. law doesn’t require schools run by for-profit firms to account for all taxpayer dollars

The Charlotte Observer has reported on the disparity in financial record disclosure between public schools and charter schools run by for-profit firms. The article explains that public school districts must account for every dollar they spend while charter schools operated by for-profit companies often do not.

The article quotes SMVT attorney Mike Tadych on the issue of openness.

Mike Tadych, an attorney with the N.C. Press Association, said the law should require more specific disclosure.

“I don’t think DPI gets to say what is public record,” he said. “In my view, any invoicing and records of payment of management fees by a charter school should be available as public records.”

Read more here.