- Associated Press - Thursday, February 11, 2016

RALEIGH, N.C. (AP) - In a story Feb. 10 about a financial watch list for North Carolina charter schools, The Associated Press reported erroneously the number of schools on that list. Fifteen schools are being monitored by the state, six of which are now receiving taxpayer money on a month-to-month basis because of their severe financial problems.

A corrected version of the story is below:

RALEIGH, N.C. (AP) - Fifteen of North Carolina’s more than 150 charter schools are on a financial watch list tracking taxpayer money going to the non-traditional public schools.

State Department of Public Instruction officials said Wednesday that of those 15 schools, there are six with financial problems severe enough that they are receiving taxpayer money on a month-to-month basis. The State Board of Education last week voted to close a seventh, Crossroads Charter High School in Charlotte.

There also were six charter schools in so-called disciplinary status at this point last year. Four of those six have since been closed.

Charter schools can use taxpayer money with more flexibility than regular public schools. A state audit last year said Kinston Charter Academy mismanaged money for years before leaving taxpayers with debts.

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