New York allowed to Increase the Number of Charter Schools

The New York state legislature voted to increase the cap on the number of charter schools in the state from 200 to 460. As the NY times article "New York State Votes to Expand Charter Schools" reports this may increase New York's chances of receiving $700 million in Federal "Race to the Top" grant money. In New York City the number of charters would be capped at 214. Currently number of charters in NYC is about 100. The bill also increased the amount of oversight that charters would receive and increased regulations pertaining to the formation and operation of charter schools.