In almost any conversation about accountability for private schools, accountability for public schools is assumed. This is a dangerous myth. By assuming that the edifice that states and the federal government have created over the past several decades actually holds schools accountable, school choice advocates immediately find themselves in an unfair fight. But what if it doesn't? This paper argues that there are three ways that schools are, or should be, held accountable. There is financial accountability. That is, schools should be responsible for how they use the money they are given and should be ready to account for what has been spent and how. Second, there is democratic accountability. Since schools are funded by the community writ large, they should be able to account for how they are reflecting the wishes of that community. Are they teaching what the community believes should be taught? Are they organizing schools in ways that the community agrees to? Are they spending the community's money in ways that comport with the community's wishes? Finally, there is educational accountability. That is, schools should take responsibility for the quality of the education that the students in their charge receive. They should be able to demonstrate that students are mastering what they are supposed to be learning. On all three of these counts, traditional public schools in America are not accountable. Each of these areas deserves a fuller treatment. That is why the three primary sections of this paper are devoted to arguing the issues of financial accountability, democratic accountability, and educational accountability, or the lack thereof.