http://www.boston.com/news/local/new_hampshire/articles/2008/05/24/nhs_first_charter_school_to_close_this_summer/
While New Hampshire's lawmakers are negotiating ways to boost funding for the state's public charter schools, the Franklin Career Academy, the state's first public charter school, is closing because of financial challenges. The school which worked with at-risk high school students in a community that had one of the state's highest dropout rate had faced financial struggles since it opened in 2004. Last week, director Bill Grimm told the school's 30 students that they need to find another school to attend next fall because the school will close this summer for good. The school had operated almost entirely on state funds, which now amount to $3,800 per student. That figure would rise to $6,500 under the pending public charter school finance legislation, but Grimm said that increase would not be enough to run the school properly. He estimated his operating costs at about $8,000 per student."They knew what the deal was, so it wasn't like some great epiphany," said Grimm. "What we wanted to do was not wait any longer because we thought they have to make a decision."
Source: Boston Globe
Date: 05/21/2008
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