State credit enhancement programs can provide effective, low-cost financing support for charter schools seeking to reduce costs for facilities financing.
Charter schools have limited access to the capital funding streams available to school districts. Few states provide funding, but these solutions are limited in both their reach and funding, and do not come close to meeting the charter sector’s facilities needs. Unlike district schools, charter schools typically do not receive funding that is sufficient to cover more than their operating costs and must pay for facilities costs out of their operating budgets – meaning money that should be going into the classroom is instead paying for the classroom.
In State Policy Analysis: Per Pupil Facility Funding, the Facility Center analyzes the 18 states with per pupil facilities funding, looking at the statutes, operations, and funding for these programs.
COVID’s impact has caused unprecedented financial uncertainties and operational challenges for charter schools across the country. Many charter operators and Boards may be considering revisiting all potential financial levers, including real estate obligations, to stabilize and support healthy o
This 11/15/19 webinar provided update on the activities of the Charter School Facility Center, recent Charter School Program (CSP) awards, and national advocacy on behalf of facility funding.