NEW Academy can remain open

A Canoga Park charter school whose former principal allegedly mishandled $2.7 million in public funds will be allowed to stay open after making changes recommended by Los Angeles Unified, officials said Tuesday.Connie Llanos in the Daily News.

LAUSD Superintendent Ramon Cortines originally said he would move to close down NEW Academy in Canoga Park after an Aug. 30 audit raised serious questions about the school's accounting standards.

But at a special meeting Tuesday to consider the elementary school's future, Cortines said NEW Academy had made changes to its board of directors and strengthened its financial oversight over the past few weeks.