NEW YORK, NY - JANUARY 26: Parents of students attend a rally on the steps of Schools Chancellor Dennis Walcott's office to show their disapproval of New York's decision to close Peninsula Preparatory... more 
NEW YORK, NY - JANUARY 26: Parents of students attend a rally on the steps of Schools Chancellor Dennis Walcott's office to show their disapproval of New York's decision to close Peninsula Preparatory Academy Charter School January 26, 2012 in New York City. Trujiullo and dozens of other parents of students protested that the Department of Education's decision to close the popular school, a seven-year-old elementary school, was not based on performance alone as the school has made improvements and received a rating from the city of C. The city of New York has closed only a few of its 142 charters that have opened-schools that are privately managed and publicly financed, and are viewed by some as a source of competition for traditional public schools schools. Schools, teachers unions and education funding have become increasingly contentious in New York as Manhattan, along with other cities, tries to cut costs and balance the city budget. (Photo by Spencer Platt/Getty Images) less 
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Getty Images | Photo By Spencer Platt / Getty Images
Thu, Jan 26, 2012 3:03 PM EST