CPS to help Aspira make payroll, but charter operator’s financial woes remain

I'm worried about these charter schools, you know? 🤕 They're like, super vulnerable to financial issues because they don't have the same stability as traditional public schools. I mean, think about it - Aspira's enrollment is down by $1.5 million and that's a huge chunk of change! 😲

Here's some stats to put this into perspective:

* The average charter school budget is around $12 million per year (source: National Association of Charter School Authorizers).
* However, 70% of charter schools report financial instability or "low" financial health (source: ED Trust Fund for Excellence in Education).
* If we assume an average enrollment decline of 5%, that's like losing a quarter of your budget - big problem, right? 📉

It's not all bad news though! 🌞 Chicago Public Schools' $760k bailout is definitely a step in the right direction. And I'm loving the transparency here - Aspira CEO Edgar Lopez is acknowledging their financial woes and taking steps to strengthen their position.

But what about Damian Ascencio and his classmates? They deserve better than a school that's struggling to make ends meet! 🤗 Aspira needs to prioritize financial stability over short-term gains. Anyone else worried about these charter schools? 😬
 
This is getting crazy 🤯, a 5 million dollar bailout and it still ain't enough? The way CPS is holding it up is ridiculous, like they're trying to strangle this school 😒. What's the point of providing payroll support if they're not gonna give any more than that? It feels like they're just stringing Aspira along 🌳. The fact that Damian and his classmates are considering transfers is a major red flag, what's going on behind closed doors at Aspira? Shouldn't CPS be focusing on finding solutions instead of throwing shade? 🤷‍♂️
 
this is so messed up 🤕, i cant believe they gotta rely on CPS to pay their staff lol what kinda business model is that?? 🤑 anyway, idk how ppl expect these charters to run financially when the gov's not giving them a clear budget or anything its like CPS is just enabling them by providing more money without any strings attached 🤔
 
Back
Top