Reported by the NEA: A new report highlights concerns about charter schools and how they operate. The U.S. Department of Education’s Office of the Inspector General believes the concerns center on the relationship between charter schools and the companies managing them. The Inspector General’s report looked at 33 charter schools in six states–California, Texas, Florida, Michigan, Pennsylvania, and New York. Here is the pattern that emerged:
1) financial risk of waste, fraud, and abuse; (2) insufficient accountability over federal funds, the result of charter school boards ceding fiscal authority to management companies; and, because of these issues, (3) lack of accountability for following federal requirements.
Over the last decade, the federal government has spent more than $3 billion for charter schools, including the $71 million released to Ohio.