Post by libby on Feb 1, 2016 23:37:36 GMT -6
The state has recouped $375,000 from a private religious school that closed last year after it was barred from participating in the Milwaukee Parental Choice Program.
The surety bond payment reflects the amount the state paid to Jared C. Bruce Academy, 6090 N. 35th St., for the 2014-'15 school year.
It is only the second time the Department of Public Instruction has recovered funds from a failed voucher school through a surety bond, an insurance policy of sorts. The agency also collected $260,000 from the now-defunct Washington DuBois Christian Leadership Academy at 5226 W. Hampton Ave., which closed in December 2013 after it was barred from the voucher program.
"That's money that goes back into the general fund," DPI spokesman Tom McCarthy said.
Read more: www.jsonline.com/news/education/state-recovers-375000-from-failed-milwaukee-voucher-school-b99660898z1--367235291.html
The surety bond payment reflects the amount the state paid to Jared C. Bruce Academy, 6090 N. 35th St., for the 2014-'15 school year.
It is only the second time the Department of Public Instruction has recovered funds from a failed voucher school through a surety bond, an insurance policy of sorts. The agency also collected $260,000 from the now-defunct Washington DuBois Christian Leadership Academy at 5226 W. Hampton Ave., which closed in December 2013 after it was barred from the voucher program.
"That's money that goes back into the general fund," DPI spokesman Tom McCarthy said.
Read more: www.jsonline.com/news/education/state-recovers-375000-from-failed-milwaukee-voucher-school-b99660898z1--367235291.html