Venturesome Capital- State Charter School Finance Systems

Basic elementary charter school has no pupils

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: ation as the average Florida district. At-risk upper grade charter school has twice the state average concentration of students generating program weightings. a District cost differential corresponds to the cost of living and ranges from .91 to 1.07. Charter school must provide qualifying programs. Includes safe schools, dropout prevention and remediation. c Average state aid per pupil. Actual amount is determined by formula. Cost probably exceeds aid. d Florida state average assumed for each charter school. Must have qualifying programs. b 126 Appendix Georgia Georgia Base Funding: School districts authorize and fund charter schools. Support includes transportation and capital when feasible. A pupil weighting system drives the school district funding formula. Funding for charter schools is not required to follow exactly the state funding formula for school districts.5 Grade Level Funding: The formula uses high school general education as a base and offers slightly higher weights (about 1.02 or 2 percent extra) for grades 4-8. Grades K-3 have larger weights (1.34 for FTE kindergarten students and 1.26 for grades 1-3). Categorical programs that only serve particular grade levels add to grade level differences. Special Education: The pupil weighting system ranges from 2.2 (120 percent more funding) to 5.3 for the more severely handicapped children. Districts are under no requirement to pass along the exact amount of extra funding to charter schools, but they are required to fund charter schools with special education needs as they would any other school. Gifted and Talented: As part of the pupil weighting system, these students are weighted at 1.6 and generate 60 percent extra funding. Limited-English Proficiency: This categorical program is less than 1 percent of total state aid. In Atlanta in 1999, LEP funding generated $16 per pupil enrolled (not pupils receiving services). 5 Rather than calculate funding estimates from the formula for school districts, the following table is based on state aid allotments from the state funding formula for 1998-99. These amounts incorporate the locally funded part of the allotment called “fair share.” Based on data from Georgia’s Financial Data Collection System, an estimate of additional local revenue is derived. It is assumed that the proportion of local to state revenue is the same in 1998-99 as in 1996-97. The school finance office of the Georgia Department of Education adjusted the special education numbers for Atlanta. Appendix 127 Venturesome Capital: State Charter School Finance Systems Compensatory Education: A weight for remedial education in the base funding formula helps fund programs for students performing below benchmarks on standardized tests. In addition, there is a compensatory education program for students in grades K-5 who have developmental lags. Charter schools should receive funds for qualifying students. Other State Categorical Programs: A charter school is eligible to receive other aid,...
View Full Document

This note was uploaded on 02/11/2013 for the course ECON 101 taught by Professor Smith during the Spring '09 term at Harvard.

Ask a homework question - tutors are online