Venturesome Capital- State Charter School Finance Systems

C average and all students qualify for federal title

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Unformatted text preview: transportation costs in D.C. are for special education. Charter schools providing qualifying summer school programs get an extra 10 percent, or $550. c Categorical-type funding to individual public schools is averaged into the per-pupil allocation for charter schools. d Federal special education funding incorporated into student weightings. b 122 Appendix Florida Florida Base Funding: Although school districts authorize charter schools, Florida’s charter schools tend to function independently. Charter school students generate revenue for their schools in almost the same way that students generate funding for their school district. In 1998-99, base student funding in grades 4 to 8 was approximately $3,223 per student. An elaborate system of weighting for high-cost pupils raises base funding by an average of 30 percent to about $4,200 per pupil. A cost-of-living differential ranges from 0.91 in counties with the lowest cost of living to 1.07 in high-cost counties. Grade Level Funding: Compared to students in grades 4 to 8, students in grades 1 to 3 obtain 6 percent extra funding and high school students receive about 14 percent more funding. Funding Based on School District Characteristics: The base funding formula for school districts accounts for declining enrollment, sparsity, cost-of-living and similar factors. These adjustments are passed on to charter schools. Special Education: Special education students generate funding through the base funding formula in five categories ranging from nearly 35 percent more for mild exceptionalities to approximately 700 percent more for the most complicated special needs. Categorical Programs: Charter schools are entitled to their share of state discretionary (including lottery funding) and categorical funds averaging about $200 per pupil. Limited-English Proficiency: LEP students generate 20 percent extra funding through the weighting system. Low-Income Students: Not specifically accounted for in the weighting system. Transportation: Charter schools are responsible for transportation within a reasonable distance of the school and must show that transportation is not a barrier to equal access. However, they do not necessarily have to provide transportation. Extra funding, averaging $160 a student is available for this specific purpose under the same formula applicable to school districts. Charter schools may contract with the school district or private contractors. Appendix 123 Venturesome Capital: State Charter School Finance Systems Capital and Facilities Financing: Total school district capital spending from all state and local sources in Florida is about $1,000 per pupil (14 percent of total). Some charter schools in Florida are housed in school district facilities; but since Florida is desperately short of classroom space, most charter schools find their own facilities. School districts are not required to share the proceeds of discretionary local tax levies raised for school construction. Significant, one-time capital funding has been available for established charter schools through Fl...
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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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