Cashing in on Kids

System Failure: Louisiana’s Broken Charter School Law

The Center for Popular Democracy has a new report outlining the problems with Louisiana's charter schools. The state has invested billions of dollars to charters and school takeovers; however, the rapid growth has not been accompanied by investment in oversight. "The state’s failure to create an effective financial oversight system is obvious, as Louisiana charter schools have experienced millions in known losses from fraud and financial mismanagement so far, which is likely just the tip of the iceberg. "

The report identifies three fundamental flaws:
  1. Oversight depends too heavily on self-reporting by charter schools or the reports of whistleblowers.
  2. The general auditing techniques used in charter school reports do not uncover fraud on their own.
  3. Inadequate staffing prevents the thorough detection and elimination fraud.
Read the full report here.