Venturesome Capital- State Charter School Finance Systems

Middle cost school enrolls 30 special education

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Unformatted text preview: living across the state. State mean is 1.237. c Special needs factor is equal to 1.20. This factor accounts for all categorical programs including special education (except intensive special education), gifted and talented, vocational education, and bilingual education. Middle cost school enrolls 30 special education students, 25 bilingual students and 19 qualify for Title I programs. At-risk school has twice the concentration of these students. d FTE plus school size factor, multiplied by district cost factor, multiplied by special needs factor. e Basic need factor includes required local contribution, Title VIII Impact Aid and state aid. f Charter schools receive transportation funding in-kind from the state if the state decides to provide it. Average state transportation funding is about $725 per member. b Appendix 101 Venturesome Capital: State Charter School Finance Systems Arizona Arizona charter schools obtain funds in two ways. State-authorized (including both the state board of education and the state charter school board) charter schools get base support, transportation and capital funding as if they were school districts. School districts also authorize charter schools that are independent of the school district and funded under almost the same formula as state-authorized charter schools. With district-authorized charter schools, school size weightings are based on district characteristics, and transportation funding is significantly higher than for state-authorized schools. These schools generally are not located in the authorizing district. Base Funding: Arizona basic support for school districts and charter schools alike started with a foundation of $2,533 in 1998-99. Funding for maintenance and operations, transportation and capital expenditures is added to the base funding. With the exception of some capital funds, state funds are considered block grants to districts. School districts are not required to direct funding to any specific programs; as a result, capital outlay monies can be budgeted for maintenance and operations. Beginning in 1999-2000, charter schools will be able to spend capital funding for any purpose. Grade Level Weights and Adjustments for School Size: Small school districts in Arizona get more funding. High school students also generate extra funds. Funding for stateauthorized charter schools is adjusted for individual school size. The weighting ranges from as high as an additional 50 percent of the base support level for a small (less than 100 students) high school to no increase in the base support level for a large (more than 600 students) elementary school. Arizona provides less funding for large charter schools to account for expected efficiencies of larger schools. Special Education and Bilingual Programs: Special education and bilingual education are accounted for in the basic formula through add-on weights (see table for weights). A weight for high-incidence lower-cost handicaps such as learning disabilities, mental retardation and the emotionally disturbed is applied...
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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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