Audit uncovers widespread abuse in charter school finances
Sept. 18, 2017
A new study on Arizona charter schools uncovered widespread abuse of public money for personal profit among charter schools involving owners, board members and their families.
The Grand Canyon Institute conducted a three-year forensic audit of Arizona’s charter school’s finances and found that 77 percent of schools engaged in nepotistic transactions. These types of transactions are illegal for public schools to engage in, but there is no law prohibiting nepotism in charter schools.
Curt Cardine, a fellow at Grand Canyon Institute who worked on the study, spoke with Arizona Horizon about his findings.