The Department of Education will raise funding for charter schools by $60 million for the current fiscal year 2025, taking the program’s total budget to $500 million this year, the agency said in a May 16 statement.
Charter schools are publicly funded institutions governed by groups under contract with a state, district, or another entity. The contract, called a charter, exempts the schools from certain local and state regulations, allowing them to set up their own rules and curriculum, different from the established state system. In exchange for autonomy, they’re required to meet certain standards as mentioned in the charter.
