Venturesome Capital- State Charter School Finance Systems

46 overview of charter school funding table 10

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Unformatted text preview: imately the 90th percentile. 25 An inspection of charter school names in the Common Core Data (CCD) of the U.S. Department of Education reveals at least 25 multi-campus charter schools in Arizona for school year 1997-98. 46 Overview of Charter School Funding TABLE 10 Estimated Revenue for a Basic Elementary Charter School Located in High-, Averageand Low-revenue School Districts HighRevenue District Average District LowRevenue District Difference Alaska $11,800 $6,719 $5,500 $6,300 Arizona 4,450 4,450 4,450 0 California 5,200 4,350 4,250 950 Colorado Connecticut 4,800 6,900 3,750 6,900 3,480 6,900 1,320 0 Delaware 9,550 8,900 8,800 750 Florida 4,040 3,840 3,540 500 Georgia 4,050 3,870 3,350 700 Illinois 5,300 4,900 3,600 1,700 Kansas 5,700 4,500 4,100 1,600 Louisiana Massachusetts 5,200 8,750 4,800 7,500 4,000 6,400 1,200 2,350 Michigan 6,000 5,900 5,200 800 Milwaukee 6,100 6,100 6,100 0 Minnesota New Jersey 4,700 9,250 4,700 7,150 4,700 6,350 0 2,900 New Mexico 5,800 3,500 3,200 2,600 North Carolina 5,200 4,530 3,900 1,300 Pennsylvania Rhode Island 8,000 7,250 6,200 6,750 5,600 6,650 2,400 600 South Carolina 6,000 4,864 4,000 2,000 Texas 5,100 4,200 3,800 1,300 Wisconsin 7,600 6,400 6,300 1,300 Note: In Kansas, Florida, Massachusetts and Michigan, the range of funding is based only on school districts in which charter schools are located. All amounts include facilities funding. There are large variations in funding in Alaska due to the presence of many small rural schools. Data for Illinois apply only to K-12 districts. The range of spending between high- and lowrevenue districts captures spending in about 80 percent of school districts. See text for a fuller explanation. No geographic variation in revenue exists in four states and two cities. Hawaii and the District of Columbia have only one school district. Charter school funding in Minnesota and Connecticut (state-chartered schools) and Arizona is not linked to school district revenues. The average difference between a high and low revenue school district is around $1,700 per pupil in the states where such funding differences exist. In six states, the difference is $2,000 or greater. These revenue differences may provide incentives for charter schools to locate in areas with high- spending school districts. The highest 47 Venturesome Capital: State Charter School Finance Systems spending school districts—the top 10 percent—are not even included in Table 10. On the other hand, high revenue school districts may also experience higher costs due to rural or urban location and cost-of-living differences. Categorical, Mandated and In-kind Services In addition to basic instructional services for regular students, school districts provide a number of other supplemental educational and non-instructional services. In many states, funding is contained in separate categorical budget lines, generally because states seek to ensure that funding goes to particular programs. Functions most often funded in this manner include student transportati...
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