The Network for Public Education’s (NPE) latest report Still Asleep at the Wheel gives a state by state listing of charters that received federal dollars and pocketed the money. These charters either never opened or shortly closed after opening. In Florida, $33,896,485 in federal start up money for 187 charters was lost between 2006-2014. This amounts to 37% of all federal funding to start charters in Florida. You can see Florida’s list of charters that received funds but did not open or quickly closed here.
During this same period, approximately $500 million was lost nationwide. Curiously, nationwide between 1995-2005, an additional $500 million cannot be accounted for at all. No records exist for which charters received this funding. It is a lot of money to just disappear.