Charter School’s Lease Deals Scrutinized
A North Side charter school expects to spend more of the tax dollars it receives this school year on rent than on teachers and staff.
Imagine Columbus Primary Academy projects building-lease payments of $700,000, making rent the school’s top expense, eating up more than half its annual state revenue, according to a school financial report. The school expects to pay $614,000 on salaries and benefits this year.
Similar arrangements are in place for the other five Imagine Schools in Franklin County.