Report: Philly charter schools put taxpayer money at risk through dubious financial practices

Report: Philly charter schools risk taxpayer money

PHILADELPHIA — An investigation of Philadelphia charter schools has found that questionable financial practices are putting public funds at risk of fraud, waste and abuse.

The report by the city controller’s office reveals dozens of dubious leasing and staffing arrangements at 13 charter schools. It cites evidence of conflicts of interest, nepotism and poor record keeping.

The report comes on the heels of the revelation that a charter school cafeteria had been doubling as a nightclub on weekends.

Charter schools receive taxpayer money but operate independently of local school boards.

Supporters are concerned the report could undermine the credibility of charter schools, which have been touted by local and federal officials as a way to transform the nation’s worst-performing schools.