Before 2014, charter schools were funded for operational expenses, but not for facilities. In 2014, the law was changed to make facility funding accessible to new and expanding charter schools, leaving existing schools in private space to cover facility costs from operating funds.
With State Formula for Charter School Funding Likely to Change, City Costs to Grow More Than Budgeted
The IBO released an updated report comparing public spending for charter schools to traditional district schools, and its analysis is clear: not only do NYC charter schools receive less in public spen
New York State’s 2017-18 budget includes two significant legislative changes affecting charter schools in NYC regarding changes to the per pupil funding formula & an increase in rental assistance.
The Charter Center drafted a memo to help schools understand how the legislation impacts their work surrounding grant assistance funding and the simplification of the rental assistance program.