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Article: BACK TO SCHOOL; Charter schools feel the pinch; With larger amounts of money deferred by the state, cash flow issues are seeping into day-to-day operations at charter schools.(NEWS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- September 7, 2009
- Author:
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NORMAN DRAPER; STAFF WRITER
At Minnesota New Country School in Henderson, teachers might vote to reduce their pay. In a real pinch, they might even vote to reduce their ranks.
Nova Classical Academy in St. Paul is looking for banks that might lend it money to help cover bills -- borrowing that could cost the school $50,000 in interest payments next year.
Minnesota Internship Center, in Minneapolis, has persuaded landlords to let more than a quarter of its rent payments slide until next year.
For Minnesota's 154 charter schools, the upcoming school year is shaping up as a financial pressure cooker. That's because public schools ...