Charter School Funding
Editor’s Note: This post was originally published here on November 28th, by Education Dive. It was written by Linda Jacobson, the senior reporter for Education Dive: K-12 based near Los Angeles, California.
We think it’s vital to keep tabs on the pulse of all things related to charter schools, including informational resources, and how to support charter school growth and the advancement of the charter school movement as a whole. We hope you find this—and any other article we curate—both interesting and valuable.


Study: Funding gaps between district, charter schools widening in big cities

Dive Brief:

  • Charter schools in 14 U.S. cities receive on average $5,828 less in per-pupil funding than traditional public schools, with funding gaps growing wider since 2003 in Atlanta, Los Angeles, Denver, Washington, D.C. and New York City, according to a report released Wednesday by researchers at the University of Arkansas.
  • In actual spending, the funding gap between district and charter schools is the largest in Camden, New Jersey, with a more than $14,600 difference. And in terms of percentage, the gap was the widest in Atlanta — a 49% difference in per-pupil funding between $18,276 in traditional public schools and $9,382 in charter schools. The researchers gave Houston an A grade because charter schools there only receive 5% — or $517 — less in funding per student than district schools, the report says.
  • The team, led by Corey A. DeAngelis of the Cato Institute, a free market-oriented think tank, and Patrick J. Wolf of the university’s Department of Education Reform, also analyzed documents and provided equity grades for schools in Boston; Indianapolis; Little Rock, Arkansas; Memphis, Tennessee; Oakland, California; San Antonio, Texas; and Tulsa, Oklahoma. New Orleans, which mostly has charter schools and has received federal funding to help schools recover from Hurricane Katrina, is a unique case and was excluded from the overall analysis. But the researchers still found some large disparities in funding between traditional and charter schools there.

Dive Insight:

Some experts argue that comparisons between district schools and charters are unfair for a variety of reasons. Traditional public schools operate under some different legal mandates and policies than charters, and charter schools serve families who choose to be there, not the general student population. Others also note that public schools serve a much larger proportion of students with disabilities, but the authors of this study argue that except for Boston, special education expenses shouldn’t be an excuse.
“While [traditional public schools] tend to enroll higher proportions of students with disabilities than charter schools, the additional spending required for students with special needs rarely explains all or even most of the inequities in the funding of public charter schools,” they write, recommending that states adopt weighted student funding formulas “and then funnel 100% of public school funding through that formula, regardless of whether the school the student is attending is a public charter or a traditional public school.”
The study is part of the researchers’ continuing work to compare how charters and district schools receive and use funds — data that can help guide policymakers as they make decisions about school funding, how many charter schools to authorize and perhaps how funding should be allocated. In areas where cooperation between charter schools and districts is more likely, these comparisons can also help school administrators learn from each other.
Last year, the team released a study showing that even with in-kind support, such as access to free facilities, charter schools in New York City receive almost 40% less funding per student than traditional public schools. And in February, the team released a cost-effective and return-on-investment analysis showing that for every $1,000 in per-pupil spending, charter school students earn more points in math and reading on the National Assessment of Educational Progress. Other researchers, however, criticized that study, raising questions over the methodology.


Charter School Capital logoIf you are trying to meet operational expenses, expand, acquire or renovate your school building, add an athletic department, enhance school safety/security, or buy new technology, complete the online application below and we’ll contact you to set up a meeting. Our team works with you to determine funding and facilities options based on your school’s unique needs.


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Charter School Honor RollNow Accepting Nominations for the 2019 Charter School Honor Roll

We are very excited to announce the nominations are now open for our second annual Charter School Honor Roll! The Charter School Honor Roll honors high-achieving charter schools from across the country.

About the Honor Roll

Currently, in its second year, the Charter School Honor Roll celebrates the outstanding work that charter schools around the nation are doing. We hope you’ll take a few minutes to nominate a school that exemplifies excellence in any of the following categories:
  • School growth
  • Student achievement
  • Community service
  • School leadership
  • Positive school climate
Our 2019 Charter School Honor Roll winners will be awarded a special gift package, free admission to the National Charter Schools Conference (in Las Vegas, Nevada June 30-July 3, 2019), and will be honored at an exclusive honoree awards event during the conference.
If you have a school you’d like to be considered, or if you’d like to nominate your own school, please click on the button below. We’re looking forward to reading your inspiring submission!

NOMINATE A SCHOOL

California Charter School Legislation

California Legislative Update: Conflict of Interest Legislation

Here’s your California legislative update! We try to do our best to make sure you have the most up-to-date information on what pieces of California legislation may affect charter schools.
SB 126 (charter school conflict of interest provisions) is currently speeding through the legislature.  The measure passed the State Senate this week and will pass through the State Assembly next week.  Then it will head to the Governor for his signature and he will sign the measure.  The administration has been very clear that the Governor made a commitment to charter school transparency during his campaign and SB 126 fulfills that commitment.
The measure would apply Government Code 1090, the Brown Act, Public Records Act and the Political Reform Act to charter schools and entities managing charter schools.  This is moving faster than anyone anticipated but will impact all charter schools in the State.
To view the bill go to https://leginfo.legislature.ca.gov and put in the bill number.
 

charter school funding
Editor’s Note: This article about Federal charter school funding and its reach, was originally posted here on November 6, 2018 by the National Alliance for Public Charter Schools and was written by Christy Wolfe, a Senior Policy Advisor for the National Alliance for Public Charter Schools.
We think it’s vital to keep tabs on the pulse of all things related to charter schools, including informational resources, and how to support charter school growth and the advancement of the charter school movement as a whole. We hope you find this—and any other article we curate—both interesting and valuable.


Charter Schools Program funds are reaching schools in thirty-eight states

Congress appropriated a total of $400 million for these awards for FY 2018, including funds for active awards previously awarded. Due to increased funding in recent years, more states than ever have access to start-up funding—31 states have State Entity grants and charter schools in an additional seven states were successful in receiving Developer grants. Many states are also seeing charter school growth through grants to Charter Management Organizations for the Replication and Expansion of High-Quality Charter Schools, but awards were not made for that program during FY 2018.
This year, the program awards are a bit more complicated because, for the first time, two competitions were run under the new requirements in the Every Student Succeeds Act (ESSA). Let’s take a closer look at where the money went:

State Entity Grants: Funds to Open Charter Schools and Build Statewide Sector Quality

The State Entity grant program plays a key role in not only awarding subgrants to schools, but also providing funding for technical assistance and strengthening the quality of authorizers in a state.

  • Eight states received awards: Arkansas, Arizona, Colorado, Delaware, Idaho, Michigan, North Carolina, New York.
  • Five states were not successful: Alabama, D.C., Guam, New Hampshire, Puerto Rico.
  • Two Charter Support Organizations (CSOs) were funded: The new changes in ESSA unlocked CSP funding for non-state educational agency applicants, including CSOs. This year, two funded applicants from Arkansas and Idaho were CSOs.

At the close of this competition, 31 states (including D.C.) have a current CSP grant in their state (14 states with charter school laws are unfunded). Next year, nine states will likely have expired grants, which leaves a potential (although unlikely) pool of 24 applicants. If Guam and Puerto Rico are included, there will be 26 potential applicants.

Charter School Developer Grants: The Safety Net Program

This is the first year the competition has been run since the passage of ESSA. What is new is that there were two sub-competitions: one for replication/expansion grants, and the other for new charter school operators. There were 22 replication/expansion awards and 10 single site applicants. This year there were 32 funded applicants for a total of $30.2 million.
Ideally, this program would be obsolete. It is a safety for charter schools that wish to open in states that do not have a state entity program. If there was enough funding – and state capacity –  for every state with a charter school law to have funding, new charter schools could simply apply to their state. Instead, after obtaining their charter contract, schools need to jump through the hoops required by federal grants to access funding. So, until every state has adequate funding for start-ups in their state, this program will continue to play a key role in advancing charter school growth.
BUT—you may have noticed that some developer grants went to states that also got a state-entity award (Idaho, Illinois, Michigan, North Carolina, and New York). The reason for this is, in part, because ED ran the State Entity and Developer competitions at the same time this year, so Developer applicants didn’t know if their state would receive a State Entity grant prior to applying. ED did not deem those applicants ineligible even when their state ended up receiving a State Entity grant. In addition, some developers were awarded a grant for replication and expansion because their state didn’t have a State Entity grant that permits them to make such awards, such as Ohio (NCLB-era grants don’t permit such awards unless a state has an approved waiver).
Of states that don’t have a CSP State Entity grant, seven have schools that received Developer grants: Alabama, Hawaii, Maine, Missouri, New Jersey, Pennsylvania, and Utah have charter schools that received Developer grants. Eight states with charter school laws have neither State Entity nor Developer grants (not including Guam and Puerto Rico).

Current Charter Schools Program Grants: State Entity and Developer Grants

Credit Enhancement: Reducing Facility Costs for Charter Schools

The Credit Enhancement program awards grants to organizations to “enhance” charter school credit so that they can access private-sector and other non-Federal capital in order to acquire, construct, and renovate facilities at a more reasonable cost. This year early $40 million was awarded to four entities.
This is a significant decrease from the $56.2 million in awards for 2017. More funds were awarded last year, in part, due to the large pool of high-quality applicants and the needs of the sector. This year, appropriators restricted ED’s flexibility to fund additional applicants, so they were limited to $40 million. Unlike the other CSP programs, Credit Enhancement funds are a one-time allocation so there aren’t any continuation awards—the amount appropriated is the amount that goes out the door.

Dissemination: Advancing Accountability and Facilities Access

Like the Developer program, this was the first competition year for the new National Dissemination program under ESSA. Previously, this program was known as the National Activities program and had a somewhat broader focus. Under ESSA, the program is focused on the dissemination and development of best practices. This year, 8 grants were awarded to organizations and charter school operators for a total of $16.2 million over the grant period. There were two “buckets” of funding to which applicants could apply: charter school authorizing and charter school facilities. For FY 2019, we anticipate that ED will propose new priorities for this program.
The National Alliance is pleased to be a recipient of a Dissemination grant to establish the National Charter Schools Facilities Center to develop and disseminate best practices and reduce the burden of obtaining and financing charter school facilities.

Grants to Charter Management Organizations for the Replication and Expansion of High- Quality Charter Schools: A Delayed Competition

ED did not run a competition for the CMO Replication and Expansion program because the agency is required to propose and take public comments on new program rules under ESSA. Comments for the new competition closed on August of 2018 and the competition will open later this year or in early 2019. Congress knew that ED would need extra time, so FY2018 funds for this program didn’t expire on September 30—ED has until March 2019 to make awards. ED’s “forecast” indicates that the competition for this program will be announced in late November 2018 and applications will be due around the start of the New Year. $120 million is available, and a little more than half of that amount will likely be available for new awards.


Charter School Capital logoIf you are trying to meet operational expenses, expand, acquire or renovate your school building, add an athletic department, enhance school safety/security, or buy new technology, complete the online application below and we’ll contact you to set up a meeting. Our team works with you to determine funding and facilities options based on your school’s unique needs.


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Managing charter school finances requires understanding specialized terminology that bridges education and business operations. Whether you’re reviewing budgets, planning for growth, or communicating with board members, fluency in financial language empowers better decision-making and strategic planning.

Core Budget Components
Revenue Terminology

Per-Pupil Funding: The primary funding mechanism for charter schools, calculated based on enrolled students (Average Daily Attendance). This funding typically comes from state allocations and follows students to their chosen schools.

Average Daily Attendance (ADA): The calculation method used to determine funding, based on actual student attendance rather than enrollment numbers. Consistent attendance directly impacts school revenue.

Weighted Funding: Additional funding for students requiring specialized services, such as special education, English language learners, or students from low-income families.

Federal and State Grants: Supplemental funding for specific programs like Title I (schools serving low-income students), IDEA (special education), or E-rate (technology infrastructure).

Expense Categories

Personnel Costs: Salaries, benefits, and payroll taxes for all staff. Typically represents 70-80% of charter school budgets.

Operating Expenses: Day-to-day costs including utilities, supplies, curriculum materials, technology, and professional services.

Facility Costs: Rent, mortgage payments, maintenance, and facility-related expenses. Often represents 10-15% of total budget.

Capital Expenditures: Large purchases like furniture, equipment, and technology that provide long-term value to the school.

Financial Management Terms
Budget Analysis and Planning

Operating Margin: The difference between total revenue and total expenses, indicating whether the school operates at a surplus or deficit.

Cash Flow: The timing of money coming in (revenue) versus going out (expenses). Schools may have positive annual budgets but face cash flow challenges due to timing differences.

Debt Service Coverage Ratio: A measure of the school’s ability to pay debt obligations, calculated by dividing net operating income by debt payments. Lenders typically require ratios above 1.2x.

Working Capital: Current assets minus current liabilities, representing the school’s short-term financial health and ability to meet immediate obligations.

Performance Metrics

Cost Per Pupil: Total expenses divided by student enrollment, useful for comparing efficiency across schools or tracking changes over time.

Instructional Percentage: The portion of budget dedicated directly to classroom instruction, indicating how much funding reaches students versus administrative overhead.

Reserve Ratio: Cash reserves as a percentage of annual operating expenses, typically recommended at 10-15% for financial stability.

Accounting and Compliance
The Bridge To Bond How To Finance Pre Bond Facility Expenses
Financial Reporting Standards

Generally Accepted Accounting Principles (GAAP): Standard accounting practices required for consistent financial reporting and auditing.

Fund Accounting: A system that segregates resources into different categories based on restrictions or purposes, common in public education finance.

Restricted vs. Unrestricted Funds: Restricted funds must be used for specific purposes (like federal grants), while unrestricted funds can support general operations.

Audit and Oversight

Annual Financial Audit: Independent review of financial statements and internal controls, required for most charter schools and essential for maintaining authorization.

Compliance Audit: Review of adherence to charter terms, state regulations, and federal program requirements.

Management Letter: Auditor recommendations for improving financial controls and processes, often required by authorizers and lenders.

Strategic Financial Planning
Growth and Expansion

Enrollment Projections: Forecasting student numbers for budget planning, considering demographic trends, market competition, and school capacity.

Scalability Analysis: Understanding how costs and revenues change with enrollment growth, identifying fixed versus variable expenses.

Break-Even Analysis: Determining the minimum enrollment needed to cover all expenses and maintain financial sustainability.

Risk Management

Contingency Planning: Building financial buffers for unexpected expenses or revenue shortfalls, typically 3-5% of total budget.

Scenario Modeling: Analyzing financial impact of different enrollment, funding, or expense scenarios to prepare for various outcomes.

Financial Dashboard: Key performance indicators tracked regularly to monitor financial health and identify trends early.

Practical Application for Charter Leaders
Budget Development Process

Understanding these terms enables more effective participation in budget development, from initial planning through board approval and ongoing monitoring.

Key Budget Cycle Activities:

  • Annual budget development based on enrollment projections
  • Monthly financial reporting and variance analysis
  • Quarterly budget adjustments based on actual performance
  • Year-end financial statement preparation and audit
Communication and Governance

Financial literacy helps leaders communicate effectively with board members, authorizers, auditors, and potential lenders or partners.

Important Communication Contexts:

  • Board meeting financial reports and budget discussions
  • Authorizer compliance reporting and renewal applications
  • Loan applications and facilities financing negotiations
  • Community and stakeholder financial transparency
Building Financial Expertise

Developing comfort with financial terminology and concepts is an ongoing process that strengthens charter school leadership and organizational sustainability.

Continuing Education Opportunities:

  • Professional development workshops on school finance
  • Collaboration with experienced business managers and CFOs
  • Board training on financial oversight and governance
  • Industry conferences and peer learning networks

Understanding charter school finance terminology empowers leaders to make informed decisions, communicate effectively with stakeholders, and ensure their schools operate efficiently while maximizing resources for student achievement.

 

Education Reform

Education Reform: The Lessons Learned and What’s in Store

Editor’s Note: This article discussing the need for a reinvention of public education and education reform was originally published here, by The 74, and was written by Robin Lake, Director of the Center on Reinventing Public Education as well as affiliate faculty at the School of Interdisciplinary Arts and Sciences at the University of Washington Bothell.
Robin shares her perspective (one we agree with) on our mandate as a country to prepare our children for a challenging economic future, enabled by new possibilities for an agile learning system that maximizes the potential of every student. Unfortunately, the current state of education does not support these goals effectively. So what have we learned? What’s working? What’s not? Lake provides some interesting perspective in this article.
We think it’s vital to keep tabs on the pulse of all things related to charter schools, including informational resources, and how to support charter school growth and the advancement of the charter school movement as a whole. We hope you find this—and any other article we curate—both interesting and valuable.
Read the complete story to learn more.


Robin Lake: On the 25th Anniversary of the Center on Reinventing Public Education, a Look at Lessons Learned & New Imperatives Ahead

At the Center on Reinventing Public Education, we are celebrating our 25th anniversary. We are thinking a lot about our principles and lessons learned.
At our core, we believe schools can make a difference even for the most disadvantaged children. To do that, they must be coherent — meaning they must be grounded in a set of explicit values, hold all students to high standards, provide academic supports, give students opportunities for meaningful relationships with adults, and demonstrate links between school and real life. They must be free to try different approaches and use time, money, and teacher talents differently. Since schools will differ, parents must be free to choose. And governance can and must protect students without making schools into incoherent bureaucracies.
We still believe in these principles and are still working to make them reality. Yet there is an even deeper principle beneath CRPE’s work: We know that no idea is so good that it will work exactly as expected. People who want to make a difference must keep their eyes open, expect surprises, and learn from them.
By following this last principle, we have seen many of our hopes and expectations about the value of charter schools and the power of citywide portfolio strategies confirmed. But we have also learned about their limitations. We see many current efforts to improve public education frustrated by political logjams. More than ever, we are driven by the imperative to prepare children for a challenging economic future, enabled by new possibilities for an agile learning system that maximizes the potential of every student.

Hopes and Expectations Confirmed

Over the past 25 years, we have seen that coherent schools have long-term benefits for students, into and through college. They can make teachers more effective — and happier, too.
A quarter-century ago, charter schools were mostly theoretical. The very first ones were operating in only a handful of states. Once criticized as likely bastions of privilege, they have created coherent educational environments for thousands of disadvantaged children, and thus become lifesavers. In districts with open-minded leadership, they can serve as educational laboratories and sources of innovative ideas, as the original visionaries suggested.
But charter schools do not have a monopoly on excellence. District-run public schools, given the right levels of autonomy and support, can specialize and become excellent.
We have also learned that low-income and poorly educated parents can make good choices. Just like advantaged parents, they seek the school where their child is most likely to be valued and motivated, not the one with the highest test scores. But disadvantaged families also need access to resources, including information and transportation, to exercise choice on an equitable basis.

Factors Limiting Progress

However, as we look across an educational landscape where progress is slowing in many cities and leading education policy thinkers are searching for new ways forward, we’ve also had cause to reflect on the factors limiting reform efforts to date.
In response to signals from funders and state regulators, charter schools have too narrowly focused on average test score gains and college acceptance rates. This has slowed innovation. And charter schools, once established, often begin to act like the status quo, resisting transparency, innovation, and accountability — the forces intended to drive continuous improvement in portfolio school systems.
At the same time, middle-class families often don’t see any personal benefit from charter schools and other forms of public school choice, and they can perceive these things as direct threats to the advantages they currently have. In a related vein, nobody in the school system wants to redistribute money, even when it is obvious that schools serving low-income and students of color get the lowest-paid teachers and meager support from district programs.
All this means leadership matters. Yet superintendents and school board members can simultaneously want coherent schools and take actions that remove school freedoms and reinforce a culture of compliance. Even when city leaders succeed in making progress by replacing weak schools with more coherent ones, continuous improvement cycles don’t necessarily continue forever, and key indicators like student achievement often plateau. This is in part due to political pressure to keep schools open and in part a failure to innovate further by looking at new ways to help students succeed.
A newer wave of efforts to transform public education to more individualized, engaging, and mastery-based classrooms too often fail to truly serve every student’s needs and — as our recent study showed — are stymied by the habits and rules of a system designed for sameness.

New Imperatives, New Possibilities

All told, we have learned that school coherency is necessary but not sufficient. Every student needs a learning environment that makes sense, where the parts add up. But tomorrow’s students will also need access to new skills and forms of knowledge that will determine their ability to adapt and thrive in a rapidly changing world. Schools will need to enable individual students to hone their talents and develop the special skills that can define their lives as earners and citizens. Students of every background will need these kinds of opportunities, especially those with the most disadvantages. To create new pathways to upward mobility, we must bridge institutional divisions, especially between K-12 and higher education, teach to the individual rather than the mean, and look outside the boundaries of today’s traditional schools to expand opportunities for students.
Today, we are releasing a volume of essays that begin to explore these new possibilities. We look forward to the conversation ahead.


Charter School Capital logoSince the company’s inception in 2007, Charter School Capital has been committed to the success of charter schools. We provide growth capital and facilities financing to charter schools nationwide. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

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Charter School Capital

Your Funding Journey with Charter School Capital

We are 100% dedicated to the charter school space and measure our success by the number of students we serve.

We’ve created this infographic to show you what a typical funding journey with Charter School Capital looks like. Our team works closely with you to find innovative solutions to your financing challenges. We pride ourselves on having the ability to be as creative, flexible, and innovative as possible to meet your specific needs so you can focus on your mission — educating students. You can download a PDF of the infographic here!

We are so excited to share this new infographic with you, so let us know what you think!


charter school capital funding

Charter School Capital logo

If you are trying to meet operational expenses, expand, acquire or renovate your school building, add an athletic department, enhance school safety/security, or buy new technology, complete the online application below and we’ll contact you to set up a meeting. Our team works with you to determine funding and facilities options based on your school’s unique needs.

GET STARTED

underperforming Charter Schools
Editor’s Note: This post was originally published here by ExelinEd on October 31, 2018, and written by Claire Voorhees, ExcelinEd’s National Director of Policy. We are focused on helping all students access quality education. So how do we best address underperforming charter schools? Some intervention strategies can certainly help, but what are some other options? Check out this article to learn about some other options.
We think it’s vital to keep tabs on the pulse of all things related to charter schools, including informational resources, and how to support charter school growth and the advancement of the charter school movement as a whole. We hope you find this—and any other article we curate—both interesting and valuable.


#AskExcelinEd: How can states address the challenges of school turnaround?

Three years into the ESSA era, the rubber has finally met the road. All 50 states and D.C. have approved plans, identified their first set of lowest-performing schools and are now undertaking the most difficult – and most important – task of all: school turnaround.
To support states, ExcelinEd has partnered with the National Alliance for Public Charter Schools and Chiefs for Change to provide information on leveraging federal funds and promoting rigorous, evidence-based turnaround strategies.
ExcelinEd is excited to release its first contribution from this partnership: School Interventions Under ESSA: Harnessing High-Performing Charter Operators. The brief reasons that states and districts can consider a wide variety of intervention strategies, such as replacing staff, improving curriculum and instruction and providing integrated student supports that address students’ health, emotional and behavioral needs.
However, in districts where schools fail to turn around—or have already been failing for multiple years—states should consider the one option that can give students languishing in low-performing schools a higher-quality option: bringing in high-performing charter schools.
This brief also builds on our earlier findings, How to Recruit High-Performing Charter Management Organizations to a New Region, to highlight strategies states can use to attract high-quality CMOs to districts where schools are struggling the most. These strategies fall into three main categories: leveraging state and federal funding; authorizer quality and operating autonomy; and talent pipelines.
We look forward to working with states as they address the challenge of school turnaround and ensuring their students receive a quality education.

 

charter school fundingCharter School Capital Financing Helps New Designs Stay On Track for Success

With so many choices for where go to access financial resources for your school, it’s important to select the right one for you. At Charter School Capital, we believe in the power of charter schools and their leaders to deliver quality education to families across the country. And we’re proud to provide the reliability and stability charter leaders require as they walk their journey to better educate more students today—and in the future.
Please watch and listen as Paul Okaiteye, Chief Executive Director, New Designs Charter School, shares his experience working with Charter School Capital at a very critical time for California schools.
This video was originally published Jul 17, 2014. While we are not currently funding New Designs Schools, we are proud of the way our support helped them meet the needs of their students, parents, and teachers. Our team is dedicated to helping your school become financially stable, successful, and set up for future growth. To learn how other school’s have achieved success by partnering with us, check out our other success stories here and filter by the content type, “School Spotlights”.
Watch the short video to hear Paul’s story and find the transcript below. You can learn more about Charter School Capital here.


New Designs is a charter college preparatory school that is focused on math, science and technology to prepare kids in southern Los Angeles to make sure that by the time students get out of 12th grade at New Designs Charter School, they meet and exceed their requirements for entry into a four year university.
Most of the time when the kids come in, they’re usually two or three grades below where they’re supposed to be. And it takes us to work with them for a year or two—in some cases a little longer to be able to get them to grade level.
We have a fiscal consultant, and he’s the one who first introduced Charter School Capital to us. And it came at a very critical time. It has helped us to stay afloat, to be able to stay in business for our teachers and all the employees to have the confidence that when I go to work I can give my all and know that at the end of the period when I’m supposed to get my check, it will come on time.
So, I would say the Charter School Capital has been a partner to New Designs Charter School. I say that because have gone beyond just giving us money, and to making sure that we can stay in business and they’re also interested in the education aspect of what we do.
Not just in the financial aspect. Anytime I have a question, anything regarding financing with a state or even with any transaction, I’ve had an exceptional response. They’re very professional. They want to get you what you need.
They have been a lifeline because they have come through for us at times when we needed it the most and they have done things that other institutions have not been able to do. And so they have been making sure that the blood keeps flowing through our veins.


Charter School Capital logoSince the company’s inception in 2007, Charter School Capital has been committed to the success of charter schools. We provide growth capital and facilities financing to charter schools nationwide. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

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Florida Elections UpdateFlorida Elections: State of the State

Elections Matter.
For the last several years a common phrase has been used by winning candidates everywhere. Elections matter. And that could not have been any more significant for school choice advocates in Florida than the most recent statewide elections.
In 1996, Jeb Bush partnered with community leaders and opened Florida’s first charter school in Liberty City in Miami-Dade County under legislation signed by then Democrat Governor, Lawton Chiles. Bush, a Republican, would go on to become Florida’s Governor in 1999 and together – with the Republican-controlled state Legislature – would control two of three branches of Florida’s state government for the next nineteen years. This Republican control resulted in legislation advancing school choice, particularly charter schools and charter school expansion.
During this time of Republican control, school choice opponents sought relief in the state’s court system to attack and beat back legislative policies favorable to school choice and charter schools. Over the past several years, the liberal-leaning Florida Supreme Court has been a major stumbling block to expanding school choice and charter schools in Florida. That all changed this past November.
Former Republican Congressman Ron DeSantis was elected Governor in November, and with it came the opportunity to appoint three new members of Florida’s Supreme Court. These appointments resulted from the vacancies created by three justices reaching the mandatory retirement age just as DeSantis was inaugurated as Florida’s newest Governor. These retiring justices were first appointed by previous Democrat Governors and helped keep the Court a more liberal body that routinely sided with school choice opponents in a number of high-profile cases it heard.
Most recently, the Court struck down a proposed constitutional amendment that would have set term limits on elected school board members. The amendment would also maintain the school board’s duties to public schools it establishes but would permit the state to operate, supervise, and control public schools not established by school board (charter schools or other schools of choice).
Shortly after his inauguration, Governor DeSantis appointed three very qualified, conservative justices to the Court, and as some observers have said, created one of the most conservative state Supreme Courts in the country.
When speaking about these appointments, newly elected Lt. Governor Jeanette Nunez said, “(these appointments) will single-handedly be the most important thing for the future of this state that we have ever seen.”
Shortly after naming the three new justices, Governor DeSantis also selected former Speaker of the Florida House of Representatives Richard Corcoran, a staunch charter school proponent, as the new Commissioner of the Florida Department of Education.
These executive appointments signal a sea change in the state’s political landscape and send a clear message that Florida’s new Governor is serious about K-12 education, and even more serious about advancing school choice options in the state. His rhetoric on the campaign trail has translated into action, and charter school proponents in Florida should be very pleased with what they see over the next several years.
The recent Florida elections – and subsequent changes in leadership – are a great example of how much elections indeed matter.
About the Author: Larry Williams is the owner/principal at Larry Williams Consulting LLC. They offer comprehensive consulting and lobbying services in the legislative and executive branches of state government as well as state agencies. Larry Williams Consulting LLC has established a network of relationships within the legislative, executive, cabinet and government agency arena as well as extensive knowledge of the issues.


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