"Bloomberg's plan to revive a system that enrolls more than 50 million students? He will spend $750 million to expand charter schools to 150,000 students in 20 cities over the next 5 years, which will drain resources & students from the public schools still struggling to recover from covid-19. He tells us that his donation would fund only high-quality charters — the same promise made by the federal Charter Schools Program that wasted about $1 billion on charters that never opened or failed, even as the federal government continues to spend nearly a half-billion dollars a year to start and expand charters. More than one in four charter schools fails by year five, and halfare gone by year 15, according to research by our Network for Public Education. The hundreds of charter scandals that occur each year have not modified his rhetoric of school accountability."