On Charter, Virtual & Traditional School Governance: Identical or ?

Madison School Board Member Ed Hughes:

I know how the issue would appear to me if I were on the McFarland school board and I were considering whether to revoke the school’s charter or decline to renew it on the basis of the school’s abysmal graduation rates.
On the one hand, continuation of the arrangement and hence of the income stream from K12 would mean that the district could spend at least $150 more per student on the education of the kids who actually live in McFarland, which is a not insignificant sum. On the other hand, revocation of the charter would mean that K12 would shop around for some other relatively small school district in the state that would be willing to host the virtual school, cash K12’s checks and provide even less oversight. K12 wouldn’t miss a beat and nothing would be accomplished. On top of this, as the McFarland superintendent pointed out, no one’s complaining. I suspect that I wouldn’t be leading the charge to revoke the charter and kiss away that very handy K12 money.

Are traditional public schools, budgets and staff held to the same standards?
Much more the rejected Madison Preparatory IB charter school, here.