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The law is silent with respect to the ownership of property paid for with public funds.
Teacher Retirement: Personnel certified in Illinois, including administrators, must participate in teacher retirement plans. Charter schools do not have to pay pension pickups in school
district labor contracts (Chicago, for example, picks up 7 percent of the 8 percent employee
contribution). Like school districts in Illinois, charter schools pay only the Medicare
portion of Social Security for employees already participating in state retirement systems. Appendix 135 Venturesome Capital: State Charter School Finance Systems Basic Elementary
FTE $/Member Illinois
Total FTE enrollment 100 1. Tuition per FTE member 100 State Chapter 1 (low income)
2. Special education
3. LEP/bilingual d Middle Cost K-12
100 a $ 4,900
na 100 Urban At-Risk
100 b 100 $ 4,900
na 100 $ 4,900
15 c $ 4,200
767 0 f
g 4. Other state categorical
4. Federal funding
Bilingual and immigrant
Other federal programs Total revenue (100% funding)
Without special education $ 4,900
- 0 e $ - $ 36 $ 68 $ 150 $ 150 $ 150 $ - $ - $ - $
$ 64 $
64 $ 5,969
$ 5,317 $
5,563 $ 5,114 12
1,200 ASSUMPTIONS: Basic elementary charter school enrolls only students who are not at risk and have no
special needs. Middle cost K-12 charter school has the same student characteristics as the average Illinois
district. At-risk upper grade charter school is in Chicago with twice the concentration of special education
students as the Illinois average, and all students qualify for state Chapter 1 (low income). ADA is assumed to
average 95 percent in the basic and middle cost charter schools and 90 percent in the at-risk school.
Column represents a K-12 district with state average per capita tuition (elementary districts average a percapita tuition of about $5,500).
Column represents typical K-12 district.
Column represents funding for a typical charter school in Chicago. The highest per capita tuition in an
Illinois high school district is $16,000.
Also called supplemental general state aid, the state low income weighting applies primarily to Chicago,
where the low-income weighting is treated as a separate component of the tuition calculation for charter
Assumed that school districts either pay charter schools for the extra costs of special education or provide
the services in-kind. The estimated value for the middle cost school is about 10 percent of the state average
operating cost. In the at-risk school, the estimated value is about 20 percent of operating costs.
$423 per bilingual pupil when schools have more than 20 pupils needing a bilingual program.
Estimated state average of major categorical programs not otherwise listed in table. 136 Appendix Kansas Kansas
School districts approve charter schools. The state board also approves each charter, which
allows the board t...
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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.
- Spring '09