A Maryland investment firm entrusted with more than $21 million in District and federal funds earmarked for D.C. charter schools missed a deadline yesterday to return the money and was asking for more time to come up with it, city officials said.Now the feds are getting involved. Senator Sam Brownback (R-Kan. DC subcommittee chair) wants to meet with District officials about the matter, and Senator Mary Landrieu (D-La.), a supporter of the District's charter schools, is none too happy either.
"As of close of business today, no money has been paid and the parties are negotiating," said Traci Hughes, a spokeswoman for D.C. Attorney General Robert J. Spagnoletti.
In related news Mark Lerner has a post up about the work Geneva did in helping the WEDJ school find and finance their facilities.