This Goldwater Institute report (pdf) from 2004 is probably a good antidote to the recent study of charter schools in NC. This sliver is particularly germane:
This study finds that charter schools are providing solid early education that propels students through the advanced grades, even though they had lower achievement test scores on average than their traditional public school peers. Charters also reach at-risk students in the middle and high school grades who might otherwise have slipped though the cracks. (Emphasis mine.)
Arizona is not North Carolina, but there are certainly lessons here. If you missed our red clay reaction to the study, go here. -MB
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