Backers want charter schools to have more financial and academic oversight

From The New York Times: The Obama administration plans to significantly expand the flow of federal aid to charter schools, but charter school advocates say that Washington should also make sure charter schools are properly monitored for their admissions procedures, academic standards and financial stewardship. The administration’s proposal for rewriting the No Child Left Behind law would increase federal financing for charter schools to $490 million in 2011 from about $256 million in 2010. It also, for the first time, would allow the funds to be used to finance additional schools opened by a charter operator, if the original school has been successful.