Thursday, May 21, 2015
Madison, Wisconsin - 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.
Posted by Dictynna at 4:34 PM