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OCSA Faces Restructured Bankruptcy Due to $16 Million Bill - Orange County Business Journal
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OCSA Faces Restructured Bankruptcy Due to $16 Million Bill - Orange County Business Journal
The future of well-known Orange County School of the Arts is up in the air amid a long running financial dispute with the Santa Ana Unified School District. A court has ordered the charter school, known as OCSA, to pay $16 million in accumulated special education program costs from over a 20-year period. That amount is about a third of OCSA’s annual budget. Having to pay the sum may put the school into a restructured bankruptcy, said OCSA Chief …
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