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Chicago Board of Education Revokes Aspira Charter Effective April 4

The district acted after finding severe financial and operational instability despite $2.55 million in emergency advances.

Overview

  • The board voted unanimously Thursday to end Aspira’s contract in a rare midyear revocation, and the charter becomes inactive on April 4 with no enrollment for next school year.
  • CPS leaders said Aspira failed to provide a verified plan to fund operations through June after receiving $2.55 million in emergency advances.
  • Aspira’s two high schools dropped from roughly 600 students at the start of the year to fewer than 50 remaining as transfers accelerated.
  • District officials are reviewing reported transfers of two properties to a new Aspira Illinois Foundation, with charter terms requiring publicly funded assets to return to the Board and a legal fight possible.
  • Aspira CEO Edgar Lopez says he is exploring legal options and alleges underfunding and retaliation, while CPS says the Aspira-run YCCS alternative campus expects to remain open through the school year.