With the effort to revoke Starshine Academies charter by the state charter board, two charters have failed this year while being multi-million dollars in debt. This report notes that one-third of charters are currently not meeting the financial expectations of the Arizona State Board for Charter Schools, but the lack the statutory authority to intervene on financial grounds.\u00a0 This report calls for the legislature to give them that authority and for the Charter Board to be more pro-active in working with financially struggling charter schools to rectify finances, or, if necessary, close them down.<\/p>\n","protected":false},"excerpt":{"rendered":"