SCHOOL FINANCE. Case Study on ESAs in North Carolina. No Accountability.

The North Carolina Capitol Broadcasting Company says the implemented educational savings accounts were created with noi accoutnability that allowed for:

• recipients to be private schools that have no standards nor accrediation
• recipients can be entities that are not lawfully created businesses
• recipients do not have to be schools
• the state’s top recipient of ESA funds is being investigated for the embezzlement of nearly $400,000 in employee tax withholdings

North Carolina Capitol Broadcasting Company | Editorial: New NC budget – poor management, failed responsibilities, missed opportunities