charter funding

Feds Spent $3.3 Billion Fueling Charter Schools but No One Knows What It’s Really Bought – Jonas Persson

The federal government has spent more than $3.3 billion over the past two decades creating and fueling the charter school industry, according to a new financial analysis and reporters’ guide by the Center for Media and Democracy (CMD). (The new guide can be downloaded below.)

Despite the huge sums spent so far, the federal government maintains no comprehensive list of the charter schools that have received and spent these funds or even a full list of the private or quasi-public entities that have been approved by states to “authorize” charters that receive federal funds. And despite drawing repeated criticism from the Office of the Inspector General for suspected waste and inadequate financial controls within the federal Charter Schools Program—designed to create, expand, and replicate charter schools—the U.S. Department of Education (ED) is poised to increase its funding by 48% in FY 2016.

CMD’s review of internal audits reveals that ED did not act quickly or effectively on numerous reports that state education officials had no idea where the federal funds ended up. The documents also show that ED knowingly awarded grants to states with no statutory oversight over charter authorizers and schools as the grant applications are evaluated based on how much “flexibility” from state laws charter schools have.

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