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Thu Jul 11, 2019, 02:07 PM

Costly academic turnaround takes St. Paul charter school from 'buckets of cash' to deep in debt

Three years ago, Dugsi Academy was flush with cash but failing academically.

Now, two years into a costly school improvement effort, the St. Paul charter school faces a long list of unpaid bills that may threaten its very existence.

The K-8 school south of the Minnesota State Fairgrounds had $2.9 million in reserve in July 2015. The fund balance dwindled to just $22,000 last summer and is expected to be hundreds of thousands in the red once the books close on this past school year.

“The school has a financial crisis right now,” said Ahmed Elmi, who heads a different charter school and recently rejoined Dugsi’s school board.

Read more: https://www.twincities.com/2019/07/10/costly-academic-turnaround-takes-st-paul-charter-school-from-buckets-of-cash-to-deep-in-debt/

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