Another Charter School in Trouble
May 30, 2008
The Dispatch has a great article about another charter school facing problems with finances. This time it is George Washington Carver Preparatory Academy, located on Sunbury Road in Columbus, Ohio. According to the article, the charter school witheld taxes from the paychecks of employees but neglected to send the money onto the government.
The school owes more than $343,000 in taxes to the state and federal government, the audit found.
“Failure to submit payroll taxes timely forces the academy to spend precious tax resources on penalties and interest rather than educating children,” Ohio Auditor Mary Taylor said.
Her office referred the matter to the Internal Revenue Service for review.
The audit, which covered the school’s financial activity for 2007, also revealed that a $789,000 deficit has grown to $851,000.
Ok, so that is bad enough, right? Wrong! What is even more disturbing is the fact that on the State of Ohio’s Report Card, this charter school is in “academic emergency” which means it is a failing school. Its rating slipped from a D to an F in the last year.
When are we going to stop playing politics with the education of our young children?
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