Dozens of charter schools in New Jersey have closed over the past few years with millions of dollars of federal taxpayer money unaccounted for, a report alleges.
Julia Sass Rubin, an associate professor at the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, said dissolving a charter school can mean that a lot of money simply disappears.
“Once a charter school is out of money, it’s out of money. You can’t go after the buildings because they are not owned by the school; there are not a lot of assets to collect on,” Sass Rubin said. “In a policy sense … there’s a lot of people left holding the bag.”