Investigation shows lack of oversight for charter schools
CBS America · Recent
CBS America
Recent
Classical charter schools have been rising in popularity across the country. They are funded by taxpayers and often tout a more traditional curriculum than regular public schools, but a CBS News investigation found there is limited oversight of the schools, including their finances.
Breakdown
- CBS News finds limited financial oversight for charter schools 11s
- Optima Classical Academy in Fort Myers did not open as planned 39s
- 30% of Optima schools' funding went to outside firms tied to CEO 1m 10s
- Experts say such financial arrangements are common in the industry 1m 40s
- Optima building sold to another charter operator after school closure 2m 51s