Charter schools are publicly funded schools that operate independently of the traditional school district system. They are established by a charter, which is a performance contract detailing the school’s mission, program, and methods of assessment. These schools have more flexibility in their operations compared to regular public schools, allowing them to innovate in teaching and curriculum. Charter schools are open to all students, often through a lottery system if demand exceeds available spots. They are held accountable for student performance and must meet specific educational standards outlined in their charter. If they fail to meet these standards, they can be closed.