Charter schools and their management companies won at least $925 million in federal coronavirus funding, data shows
The U.S. Small Business Administration administered the program, and recently the SBA and the Treasury Department released some data on what organizations won loans from the program and how much they received. (Some loans can be forgiven if the PPP money is spent on keeping employees on the payroll.)
The release of funding details sparked some controversy about whether some of the organizations that received funds should have gotten them, including public charter schools — which are publicly funded but privately operated — and some elite private schools. (A Washington Post database shows the data.)
Charter schools received emergency stimulus money from Congress from the same fund that traditional public schools did — but some charter schools decided to apply for PPP loans as well, saying that they are underfunded through regular funding formulas and had a right to seek more aid. Other charter schools chose not to apply for loans, saying it would be double-dipping in federal aid funds.
Among those charters that did were some that knew they didn’t actually need the money to maintain financial stability. For example, 2KUTV in Salt Lake City did an investigation into Utah charter schools taking PPP funding and found that they took a total of $7.9 million. It reported on a discussion at the June 25 meeting of the governing board of the Utah Military Academy, a charter with two campuses, in which an unidentified board member explained how the $1.15 million in PPP funding that the school was expecting would be spent.
The conversation, heard on audio tapes, went like this, according to the CBS affiliate: CONTINUE READING: Charter schools and management companies won at least $925 million in federal covid-19 funding ,data shows - The Washington Post
