But with an estimated 77 cents of every taxpayer dollar the school receives going to its for-profit management company, some former teachers say they were unable live up to the school’s promises. The news comes as Colorado legislators are preparing to introduce a bill that would increase accountability for the quickly expanding online programs.
At a time when public schools are seeing deep cuts in funding, there’s a growing market for companies running online elementary, middle and high schools. The largest for-profit company overseeing these programs in Colorado is Virginia-based company K12 Inc. While public schools are struggling to survive, K12 Inc.—with the support of state tax dollars—is reporting double digit profits. Meantime, it’s not measuring up to state academic standards.