As the Obama Administration Seeks More Funding for Charter Schools, Questions Raised Over Billions Spent

As the Obama administration asks Congress to increase funding for charter schools by almost 50 percent, a new report claims charter schools are spending billions of dollars with nearly no oversight, regulation, or accountability. The Center for Media and Democracy argues the federal government has spent more than $3 billion over the past two decades on the charter school industry, but there is no comprehensive database showing how these funds are spent and what results they produce. The new report analyzes materials obtained from open records requests regarding independent audits of how states interact with charter schools and their authorizers. It concludes that the anti-regulatory environment around charter schools coupled with their lack of financial transparency warrants a moratorium rather than increased charter funding. We are joined by Lisa Graves, executive director of the Center for Media and Democracy. The group’s new report is “New Documents Show How Taxpayer Money Is Wasted by Charter Schools.”

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