From the Washington comPost:
The District missed a $103 million payment due to its 60 charter schools this morning, triggering serious cash flow problems for many of the publicly funded, independently operated schools and raising new questions about D.C. government's ability to meet its commitments as revenue declines.
The delay means that some schools will not be able to meet their payroll.
Charter school operators, who serve about 25,000 District school children on 90 campuses, were informed by Jeremy Williams, business oversight manager for the D.C. Public Charter School Board, that uncertainty surrounding tax revenue means their payment will be later and smaller than anticipated.
This of course will affect the Charter schools, converted from Catholic Schools. This will also affect the parishes that are leasing the schools to the Charter program.
This was an issue which I wrote about last November.