Underfunding or mismanagement? Financial troubles at multiple Chicago charters spur a push for answers and solutions. – Chalkbeat Chicago

Citywide enrollment losses have hit charter budgets hard, even as CPS has stepped in to heavily subsidize its own shrinking schools. Meanwhile, the district is withholding thousands of dollars per pupil from charters to chip in for CPS’ massive pension and debt service costs, forcing them to rely on increasingly uncertain funding sources, such as federal grants and fundraising, the October memo said.