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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
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
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.
- Spring '09