Article: Charter patron realizing big profit: Critics say schools suck tax dollars, perform poorly.

Byline: Catherine Candisky

Mar. 24--Akron industrialist David L. Brennan is reaping nearly $1 million in Ohioans' tax dollars for each charter school operated by his White Hat Management Co. A Dispatch analysis of recent state audits for 17 of Brennan's 34 schools shows White Hat made $15.4 million in combined profits and management fees last year. That means that nearly a third of the state funding received by each school was pocketed by Brennan's operation. The rest was spent on teacher salaries, books and other expenses. Audits for the 17 Hope Academies and Life Skills Centers are among the first completed under a new law requiring management ...

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