Jonathan Pelto: Charters Pose a Fiscal Risk to Public Education

Here’s something Diane Ravitch picked up from Jonathan Pelto, who maintains the Educational Bloggers Network (of which Mark’s Text Terminal is a member). If you have charter schools in your school district, chances are they are aggressive in their expansion plans. There are quite a few reasons to oppose charters, not the least of which is the fiscal malfeasance discussed in this post.

Diane Ravitch's blog

Jonathan Pelto, writing at, warns of the fiscal burden that charter school pose to states, school districts, and public education.

In most states, charters have little or no oversight, even though they are funded by taxpayers. Charters have gone to court to fight public audits.

It is time for charters to demand accountability and fiscal oversight, lest they be overcome by scandals in their own backyard.

While the subprime mortgage crisis remains the epitome of what occurs when greed and corruption go unchecked, a growing number of experts and observers are warning that a new economic scandal is taking shape in the United States.

In an article published earlier this month, Business Insider observed: “We just got even more evidence supporting the theory that charter schools are America’s new subprime mortgages.” The magazine wrote: The Office of the Inspector General (OIG) released the results of a damning audit of…

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