Venturesome Capital- State Charter School Finance Systems

Nc pa c m l c f m f c f l m c l c l cm c m l c f m f

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Unformatted text preview: C f L M C L M L C/M k RI SC TX C M L C M C L M C L C j L/C C C C C C C C C C C C L i L C C M L C C C C C C C C L C/M a Table entries (except base funding in first row) based on 100 percent funding. Funding can vary from 80 percent to more than 100 percent. Table entries (except base funding in first row) based on 100 percent funding (e.g., Chicago). Funding can vary from 75 percent to 125 percent. c Comparable (C) up to about $6,000, then less (L). d Charter schools in New Jersey receive 90 percent of base funding, but the base includes transportation (5.4 percent) and private school support (1.4 percent). e Assumes that elementary and middle schools have same cost because there is no consistency among states as to which costs more. f Low-cost special needs students get average special needs funding. g In Chicago, funding is comparable. All school districts can adjust charter school funding in the 75 percent to 125 percent range to achieve comparability. h All charter schools in Louisiana are required to have concentrations of low-income students equal to at least 85 percent of the district average. i Many charter schools are housed in public school facilities and therefore get comparable facilities. j Gets significant, but not necessarily comparable, capital funding (see text). k Base funding does not include transportation, private school services, adult education and other expenditures not normally provided by charter schools. b 85 Venturesome Capital: State Charter School Finance Systems Federal funding is not assessed in this table because federal funding for charter schools should be comparable to public school districts under federal law. The only source of variation among states in federal funding comparability would depend on whether charter schools qualify for funding as part of a district or as an LEA. A GAO report indicates no difference.39 Some charter schools may not find it worthwhile to seek small amounts of federal funding. Other charter schools may reject federal funding in order to avoid reporting requirements. These issues are more fully discussed in Chapter 3 on methodology. Funding comparability is not assessed for Hawaii, Kansas, New Mexico and Wisconsin because charter schools in these states are funded on the same basis as other public schools as determined locally by authorizing school districts. In the first row, “base funding” is an estimate of the degree to which charter schools receive 100 percent of the base operating revenue or expenditures obtained by the school district in which the charter school is located. Base funding excludes capital, transportation and programs for students with special needs. These issues are addressed elsewhere in the table. A majority of states adhere to the 100 percent funding concept. Colorado and Illinois allow funding of varying percentages to account for the unique circumstances of charter schools. Some schools are funded at less than 100 percent, and some are funded at higher levels. Connecticut and Minnesota fund charter schools equally regardle...
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