Charter network seeks approval to shift funding allocation
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By HEATHER BROWN, Fox 5 News Reporter
MYFOXNY.COM -
Success Academies, a charter network run by Eva Moskowitz, now runs 10 highly rated charter schools across New York City. The network plans to open four next year and recently got approvals to open six the year after.
That approval drew a sharp response from about 30 parents at SUNY trustees meeting.
Also at the meeting, the trustees announced an already approved measure that would allow the Success Academies central office to use 15 percent of the money given to its schools from the state. It is currently allowed to use 10 percent. That equals out to about 2,000 a student.
Success Academies said it needs that money for things like teacher training, student recruitment and lesson plans. Right now it said they have a $4 million shortfall there and have to fundraise to make it work.
But some parents say that Success Academies is running a $23 million surplus. They don't want SUNY to allow the change.
Success Academies couldn't confirm that specific $23 million number, but said whatever money is there is spread across all of their schools as a necessary reserve.
In a statement, Moskowitz thanked the trustees and said: "We will not be receiving any additional taxpayer dollars -- we are simply allocating existing funds to improve the services we provide our schools, including teacher recruitment, teacher training and curriculum development. Our schools' results bear out the success of our strategy."
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