Venturesome Capital- State Charter School Finance Systems

Ascension was ranked as a high revenue parish

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Unformatted text preview: Organized on a parish (county) basis, few school districts qualify for the economy-of-scale adjustment. Special Education Revenue: The law reads: “For each pupil who is entitled to special education services, the state and federal funds for special education for that pupil that would have been apportioned for that pupil to the school system shall be apportioned to the charter schools.” In practice, charter school special education students do not directly receive the funds commensurate to the state weighting. Instead those funds are incorporated into the per-pupil average revenue calculation used to fund each charter school student. A charter school with a similar percentage of special education students as the district would receive similar state special education funding. At-Risk Student Funding: School districts obtain a 0.17 additional funding weight (17 percent more) for at-risk students. Folded into the average revenue calculation, the extra funds do not specifically follow children to charter schools. Louisiana, however, requires that the proportion of at-risk students in charter schools be at least 85 percent of the proportion of at-risk students in the district. As a consequence, charter school funding based on average revenue includes at-risk funding that is somewhat the same as the school’s at-risk population. A charter school with very high concentrations of at-risk students, however, does not receive the at-risk funding generated for the school districts by its students. Gifted and Talented: The funding weight of 0.68 for gifted and talented children generates extra funding for school districts, but gifted charter school students do not bring this revenue with them since charter school funding already incorporates the average amount of all revenues in the school district. Other State Categorical Aid: Charter schools can apply for any state funds that other public schools apply for. In the competitive grant category, district-authorized charter schools submit applications through the school district. Transportation: School districts pay for transportation from general operating funds, so revenues typically used by districts for transportation are included in charter school funding. Charter schools routinely contract with the local school district for transportation. They are under no mandate, however, to supply transportation with the exception of special education. State Start-Up Assistance: A revolving loan fund allows charter schools to borrow up to $100,000 interest free. These funds must be paid back over three years. No charter school has applied for funding. The contractor that manages the fund requires financial statements from charter school board members, and collateral for loans made for repairs. 11 If the district had 1,000 students, then the difference from the 5,000 ceiling is 4,000. Dividing 4,000 by a constant of 40,000 equals 0.10 or a 10 percent added weight. Appendix 141 Venturesome Capital: State Charter School Finance Syste...
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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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