Drawing on ten years of undercover work and research in four major school districts, Lydia Segal reveals how systemic waste and fraud siphon millions of dollars from urban classrooms. Segal shows how money is lost in systems that focus on process rather than on results, and how regulations established to curb waste and fraud provide perverse incentives for new forms of both. Calling for renewed powers for principals and a streamlining of oversight, Segal offers a bold, far-reaching plan to reclaim our schools.