Florida charter schools reflect the sector's problems

By: Robert Slavin

Excerpt from the article:

(July 9, 2026) "I think a lot of [Florida charter school] impairments fall into the more technical areas of late filings or sometimes late payments," said John Mousseau, executive vice president and chief investment officer of Cumberland Advisors. "The problem is the market sometimes treats this as 'where there's smoke, there's fire.'"

Charter schools face other disadvantages, he said, including internal controls that are inferior to public schools and more well-funded private schools. "Also, enrollment targets, when not met, can also trigger debt service coverage ratio [issues]."

Attendance at Florida charter schools increased substantially during and right after the COVID-19 pandemic, Mousseau said.

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John R. Mousseau, CFA
Chief Investment Officer
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