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Charlotte County, Fla., Charter School Tries to Climb Out of Financial Hole.

The Sun (Port Charlotte, FL)

| March 27, 2001 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Garry Overbey

Mar. 27--"Friends, we have problems," Alpha Center consultant and co-founder Walt Marks told the Charlotte County School Board Tuesday night.

Facing a debt nearly twice as large as last year's, officials from the area's first charter school may need to create up to five more schools to recoup their losses.

In other cost-saving measures, Marks revealed the school will cut two teachers and three other positions next year, cancel the summer program, refinance long-term loans and consolidate its service area to exclude students transported from Venice. The anticipated savings an estimated $266,000.

But that won't be…

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