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Monday, August 10, 2009 - 10:32am

Study Shows Half of Charter Schools in Financial Trouble

A new study shows that nearly half of the charter schools in Georgia could be in financial trouble.

The report by Georgia State University found that money problems have led a handful of charter schools to close in the last few years.

More could shut down if the schools don't find a way to operate in the black.

The report looked at the finances of 25 charter schools over 2 years.

The schools operate independently of local districts and the state, but receive taxpayer dollars.

Charter schools are given the autonomy to be innovative and are exempt from most educational mandates.