Hey, what a deal for hedge funds and investment clubs: charter schools wherein public money is used for essentially private schools created for the primary purpose of making a profit and without any substantive regulatory oversight by City/County/State/Federal agencies. The charter schools charge for everything...it is like going out to dinner and finding that the salad/soup, water and veggies/fries, etc. are a la carte (buses, books, art supplies, after-school programs, lunches, day trips, etc are EXTRA, which blindsides unsuspecting parents). Charter school teachers' credentials are also suspect leaving unqualified "teachers' to instruct classes (charter school teacher pay is hourly and predominantly without perquisites). In many states, charter school groups have misappropriated public funds to line their own pockets, doctored/falsified fiscal reports for agencies overseeing charter schools, and closed their doors with little-to-no notice leaving public schools to take on the displaced students. Door closing usually comes when the charter group/investors realize that they can sell the property/real estate where the school resides for million$$$ more than they would make operating the school(s).
History has shown that privatization of public trusts like education and utilities are ALWAYS disastrous causing fiscal/emotional/physical harm to the public, especially the most vulnerable: children, disabled, elderly, impoverished.