Venturesome Capital- State Charter School Finance Systems

in minnesota and connecticut charter schools funding

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Unformatted text preview: that charter schools normally would not be expected to provide—such as services to private schools, adult education, community outreach, etc.). In Minnesota and Connecticut, charter schools funding is comparable to the state average school district. In Michigan, base funding comparability exists only up to $6,000 per pupil, which is approximately the state average expenditure per pupil. § Comparisons of school districts and charter schools need to take into account the value of the direct services that charter schools receive from school districts—especially in Alaska, Colorado and Illinois—where negotiations between charter school and district play a significant role in funding. § Arizona is the only state where charter schools consistently generate more per-pupil base funding than the school district in which they are located, primarily because charter schools are funded like very small school districts. § In 1998-99, 14 states provided no significant funding for charter school facilities. Arizona provides more charter school facilities funding per pupil than the state provides for an average school district. The District of Columbia provides comparable facilities funding. Florida, Massachusetts and Minnesota also provide significant, though not necessarily comparable, funding for faculties. § A charter school’s student population usually is the deciding factor in determining whether or not the school receives funding similar to school districts: — 12 states provide the same funding for elementary schools as high schools, even though high school students are more costly to educate. — 11 states provide funding advantages to charter schools with low special education populations. — Nine states provide funding advantages to charter schools with few low-income or at-risk children. § Transportation funding comparability exists in all but four states, but the high costs of transporting students from dispersed locations to charter schools remains a significant problem. Accountability and Other Financial Issues. While financial accountability and other issues do not directly affect funding levels in the 23 states and two cities in our study, together they influence charter school operations, and determine the information that policymakers and the public need for financial evaluation. § About half of the states provide some accelerated funding for charter schools to help address cash flow difficulties. Advance funding could be part of the charter agreement in most of the other states. (See Table 16.) 5 Venturesome Capital: State Charter School Finance Systems § Collecting financial data over time in a uniform format allows policymakers and researchers to consider issues such as how charter schools differ from other public schools and whether charter schools are fairly funded. Only 14 states require uniform financial reporting for individual charter schools. Eight states blend charter school data with district data, and four states had no uniform financial reporting. (See Table 17.) § If other states follow the path of M...
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This note was uploaded on 02/11/2013 for the course ECON 101 taught by Professor Smith during the Spring '09 term at Harvard.

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