MURRAY (ABC4 News) – A Murray charter school facing financial hardship will close at the end of the school year.
The American International School of Utah Board voted Wednesday evening to officially close the school as of August 15.
School administrators revealed last week that the charter school, located at 4998 Galleria Drive, is in millions of dollars of debt.
“Our school at the very beginning had a very innovative model of a partnership with a management company which our school is actually a majority member of,” told Executive Director Tasi Young told parents at a previous meeting.
Young and other administrators blamed the school’s financial problems on what they called exorbitant spending during the first two years of operation.
In March, the State Board of Education ordered repayment of hundreds of thousands of grant money for special education programs citing “unallowable expenditures.”