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Even worse, board members are now $90,000 in debt because of the school's costs, which government funding didn't come close to covering. In Nevada, charter schools are funded to fail, said Bass, who's too exhausted to play nice.
Her board realized that at the start, as do founders of most of the state's 31 charter schools.... Read more: lvrj.com/news/charter-school-for-deaf-signs-off-in-bankruptcy
Before opening, the charter school for the Deaf received donation commitments from four people totaling $100,000 a year for five years. The school got its $100,000 in 2008, but three donors dropped out in 2009 because of the recession. In 2010, the school struggled to find donors. Board members threw in thousands each. But that only staved off the inevitable.
The school in the northwest valley went bankrupt after just three school years. Las Vegas, Nevada Public School Review: publicschoolreview.com/school_ov/school