Venturesome Capital- State Charter School Finance Systems

33 in others like alaska and georgia equal sized

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ennsylvania and North Carolina for example, funding is based on a per-pupil amount. 33 In others, like Alaska and Georgia, equal-sized block grants go to each charter school. States like California and Massachusetts determine the amount of the grant on an individual basis. In California, where school districts authorize most charter schools, districts may retain a portion of the grant to cover indirect costs for distributing the grant to charter schools. In Connecticut and Massachusetts, the amount of the grant is based on a formula and takes into account many factors including ethnicity and growth rate. In most states, start-up funds are awarded on a competitive basis, but the District of Columbia and a few states like Delaware have non-competitive programs where all qualified applicants receive funds. Federal start-up funds typically cover a one year of planning grant followed by two years of implementation. In all states, except Delaware, charter developers are eligible to receive planning funds before formal approval of a charter. Illinois and Louisiana use both precharter or stimulus grants and post-charter planning grants that entitle charter developers to more planning funds once the charter has been approved. Implementation grants range from $40,000 to $200,000. Charter schools must already be in operation to receive implementation funds. Connecticut and Louisiana provide smaller implementation grants for conversion schools. 33 In Pennsylvania, state funding is mixed with the federal grant program. 57 Venturesome Capital: State Charter School Finance Systems TABLE 15 Federal Start-up Grants Competitive Grants Alaska Planning Amount Implementation Amount Yes $20,000 $125,000 Arizona Yes At least $34,000 Up to $156,000 California Yes $10,000 - $35,000 Up to $150,000 Colorado Yes At least $23,000 Up to $197,000 State-authorized Yes $50,000 $50,000; per-pupil grants with the balance District-authorized Yes $20,000 $20,000; per-pupil grants with the balance Delaware No $35,000 $100,000 District of Columbia No Up to $110,000 Up to $95,000 Florida Yes $10,000 $55,000 Georgia Yes Pre-charter: $5,000 $100,000 first year; $60,000 second year Hawaii1 Yes At least $34,000 Up to $156,000 Illinois Yes Stimulus: $5,000-12,000 Planning: $25,000-75,000 $50,000 - $100,000 Kansas Yes $35,000 Phase 1: $25,000 1 Connecticut Phase 2: $77,000 - $170,000 Louisiana Start-up No Pre-charter: $5,000 Post-charter: $20,000 $50,000 first year; $40,000 second year Conversion No Pre-charter: $5,000 Post-charter: $15,000 $40,000 first year; $30,000 second year Massachusetts Yes $115,000 $103,000 - $186,000 Michigan Yes At least $40,000 Up to $100,000 Minnesota Yes At least $40,000 Up to $60,000 Yes Up to $50,000 Up to $75,000 Yes At least $34,000 Up to $156,000 North Carolina No At least $34,000 Up to $156,000 Pennsylvania Yes $10,000 - $25,000 $800 per pupil Yes At least $34,000 Up to $156,000 South Carolina Yes $15,000 - $40,000 Up to $15,000 Texas No $60,000 maximum $60,000 maximum Wisconsin Yes $25,000 $96,000-200,000 (averaging about $100,000) New Jersey New Mexico 1 Rhode Island 1 Source: Telephone interviews with state departments of education and state charter school offices. 1 Charter schools apply direct...
View Full Document

Ask a homework question - tutors are online