Venturesome Capital- State Charter School Finance Systems

High cost handicaps and residential 102 appendix

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Unformatted text preview: to all students (not just the handicapped) ranging from approximately 16 percent of funding for elementary students to 27 percent for high school students. Charter schools receive this funding whether or not they enroll special needs students or provide services. High-cost handicaps and residential 102 Appendix Arizona and private school placement are funded through additional add-on weights. At-Risk Funding: Discretionary grants are available for K-3 at-risk programs. Adjustment for Longer School Day: Charter schools are eligible for an additional 3 percent of funding (increasing to 5 percent in 1999-2000) for school years of more than 200 days. Transportation Support: Transportation funding for charter schools can be spent for any legitimate purpose. State-authorized charter schools received a flat $174 per member in 1998-99. A district-authorized charter school’s transportation allowance is based on the approved daily route-miles for school transportation and the number of eligible students transported. For 1998-99, district-authorized charter schools received $1.59 -$1.95 per mile (depends on ratio of pupils to route miles) and paid parents 10 cents or 25 cents per mile to drive their children to school. Charter schools can use the difference (about $1.50 per mile) to spend on programming. School districts get the $1.50 - $1.92 per mile reimbursement mostly for school buses, but because so many miles are involved when parents drive their own children to a charter school, thousands of dollars per pupil are generated. The Arizona Joint Legislative Bureau computed that one charter school was receiving $12,080 per member for transportation. The average transportation cost for district-authorized charter schools in 1998-99 was $2,144. Capital and Facilities Assistance: All charter schools receive capital and facilities funding: District-authorized charter schools are funded based on characteristics of the sponsoring school district; state-authorized charter schools are funded based on characteristics of the school itself. Some capital funding depends on grade level and school size. The capital outlay revenue limit program provides $195 (large elementary schools) to $330 per pupil (small high schools). The capital levy revenue limit program, which depends on school size but not grade level, provides $195 (large schools) to $300 per pupil (small schools). Regular and charter high schools get $70 per pupil for textbooks, which in Arizona is considered a capital expense. A third capital assistance program, providing $496 per pupil for K-8 schools and $569 per pupil for high schools, is available only to charter schools. School districts get funding under the new school construction program. Based on need, funding for school districts averages only about $400 per pupil per year. With voter approval, however, school districts can also sell tax exempt bonds to finance construction. Overall, facilities funding for charter schools ranges from $900 to $1,300 per student. Since charter schools qualify for capital funding as if they wer...
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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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