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 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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charter school funding

A Strong Partnership for Success Between New City Schools and Charter School Capital

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 Sabrina Bow, Executive Director, New City Schools, shares her experience working with Charter School Capital during some very difficult financial times for charter schools in California.

This video was originally published Jul 17, 2014. While we are not currently funding New City 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 Sabrina’s story and find the transcript below. You can learn more about Charter School Capital here.



Sabrina Bow: Executive Director, New City Public Schools:

“We are a small Charter Management Organization in Long Beach, California. We offer a dual language program in English and Spanish, and our focus is on social justice, collaboration, the natural environment, and technology. Charter schools are increasingly having to find other ways of funding. We’ve made commitments to students, parents, and teachers to provide a high level of education and really an all-inclusive second family, if you will, for students.

We’ve made those long-term commitments to be there, and unfortunately, with the state of the economy and the state of deferrals, we find ourselves having to find different options.

Charter School Capital is a financial partner that comes in, understands the school, understands the school leaders. They take the time to do that.

In my experience, Charter School Capital is a financial partner that comes in, understands the school, understands the school leaders. They take the time to do that. They’re able to sit down with us and create a funding plan and be part of our financial plan, provide the technical expertise to schools, and present it in a straightforward way.

There’s always a cost to finance. Some of the criticism has been Charter School Capital, and other providers who purchase receivables are taking advantage of charter schools. I think that that really diminishes the responsibility that charter school operators have to build not only a solid educational program but also to build a solid business infrastructure that supports that educational program.

It’s never been a doubt for me that Charter School Capital is deeply concerned, deeply interested, in the well-being of schools, and beyond the financial well-being is the ability of schools to continue to provide a solid education for students. I’m happy that Charter School Capital is able to work with schools and work with us to help us so that we can continue to meet the needs of our students, parents, and teachers. I view them as a close partner.”


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!

LEARN MORE

 

 

charter school fundingLearn4Life Served 2,000 More Students by Partnering with Charter School Capital

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 Skip Hansen, Chief Executive Officer, Learn4Life  shares his experience working with Charter School Capital during some very difficult financial times for charter schools in California.

This video was originally published Jul 17, 2014. We are honored to continue to partner with Learn4Life and are very proud of the way our support has helped them continue to serve their students and grow their enrollment. 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 Skip’s story and find the transcript below. You can learn more about Charter School Capital here.



At Learn4Life, we work with at-risk youth. Our schools typically go after students who are sitting at home on the couch, have no direction, looking for a job, but can’t get one because they don’t have a high school diploma.

Our charter schools in the state of California have been faced with a number of problems. The first and foremost is a reduction in ADA (average daily attendance) funding. And then, problem number two, to balance the budget, the state of California was basically delaying the payments to charter schools and not allowing us to cash flow our business properly.

Charter School Capital came to us as a gift, for the most part, in a time when it looked like there was not a lot of hope for charter schools (in terms of cash flow financing) with the delays in payments that the government had placed on us. If we had not had the type of resources that Charter School Capital has, it certainly would’ve hampered our growth over the last three years.

Without that kind of opportunity, we would’ve really been limited to our cash on hand. And it would’ve really put a stunt on our growth. It would have affected a lot of kids. I think we’ve served another 2000 students, in the last two years because of the availability of cash flow financing. Those are 2000 kids that could go on to cure cancer or do something really great in our society.

For the first time in a long time, cash is really not our biggest issue, thanks to Charter School Capital.

Our relationship with charter school capital is a very positive one. They really helped us in terms of helping better understand how the state makes its payments to our school. If I had to use one word to describe our relationship with charter school capital, it’s been “partnership”. For the first time in a long time, cash is really not our biggest issue, thanks to Charter School Capital.


Charter School Capital logoOur team works with you to determine funding and facilities options based on your school’s needs. 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.


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California Charter School Legislation2018 California Mid-Term Election Update

On Tuesday, Californians went out to vote and decided a number of races; they also left a number of races to be determined as ballots are counted. So, while numbers are changing, this is an update on where we currently stand on a few of the races.
Gavin Newsom will be our next Governor; that race was decided in the Primary as the Republican, John Cox, really had no chance.
In the race for Superintendent of Public Instruction Marshall Tuck is leading Assemblyman Tony Thurmond by about 70,000 votes but that margin is shrinking as late ballots are being counted. This race was one of the most expensive in California history with total expenditures exceeding $50,000 million.
The 2018 legislative races represented a near wipeout for the Republican party in California. They will see losses in both the State Assembly and the State Senate and were shut out of all state-wide races.

A Legislative Supermajority

Democrats will have a 2/3 supermajority in both houses of the legislature. In the State Senate, the Republicans are struggling in the race to replace former Republican State Senator Anthony Cannella in the 12th district where Assemblywoman Anna Caballero (D) is running against Supervisor Rob Poythress (R). The candidates are separated by 1% in what would be a Democratic pickup.
In the 14th district, Senator Anthony Vidak is running behind Melissa Hurtado in the surprise race of the cycle. Senator Vidak losing was not on anyone’s radar screen and much of the Capitol community is in shock that he is trailing by 3,474 votes. Votes are still being counted, but the Democrats will have a supermajority in the State Senate next year.

The State Assembly

In the State Assembly, Democratic pickups are possible in the southern part of the state.
In the 16th district Assemblywoman Catharine Baker (R) is fending off a still challenge from Rebecca Bauer-Kahan (D), but the race is too close to call with Baker ahead by almost 3,000 votes.
In the 32nd district Assemblyman Rudy Salas (D) is holding off challenger Justin Mendes (R) in what was a Republican targeted seat; Salas should hold the seat through the final tally. Though this was a low turnout race, we saw an incredible amount of money spent and, since this overlaps some with Senator Vidak’s seat, there is a belief that the funding negatively impacted Vidak’s race.
In the 38th Assemblyman Dante Acosta (R) is turning back a strong challenge from Christy Smith (D). In the one bright spot for Republicans, Assemblywoman Sabrina Cervantes (D) is currently trailing Bill Essayll (R) by a few hundred votes but the race is going back and forth as ballots are being counted.
In the 74th district, Assemblyman Matthew Harper (R) is ahead of challenger Cottie Petrie-Norris by about 800 votes. Democrats will pick up a seat in the 76th where Assemblyman Rocky Chavez waged an unsuccessful run for Congress. Tasha Boerner Horvath (D) will be the new member.

California charter school
Editor’s Note: This post was originally published on August 13, 2018, here, by EdSource, and was written by John Fensterwald, who writes about education policy and its impact in California. They interviewed Gary Hart – the “father” of California charter school law – and he shares how he feels about things now, 25 years later. Is it as he envisioned? What would he change? What is working/not working?
Our mission is to see continued charter school expansion, the overall growth of the charter school movement, and more students better served by having educational choice. 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. Please read on to see EdSource’s original post.


Gary Hart, author of California’s charter school law, reflects on its impact
He’d change the appeals process if writing it today.

What does the “father” of California’s quarter-century-old charter school law think of it now? EdSource recently caught up with former State Sen. Gary Hart, a Democrat who represented Santa Barbara in the Assembly and Senate for 20 years before retiring in 1994. In 1992, as chairman of the Senate Education Committee, he authored the nation’s second charter school law. Sue Burr, a consultant to the committee at the time and currently a member of the State Board of Education, played a major role in drafting it. EdSource writer John Fensterwald asked Hart in an interview and in writing what he was trying to do then and how, in hindsight, he might write a different law today. The answers have been edited for length and clarity.
The original law capped the number of charter schools statewide at 100, with no more than 10 in any one district and 20 in Los Angeles Unified. In 1998, the Legislature raised the limit to 250 charter schools plus an additional 100 more each year after that.
EDSOURCE: Is it as you envisioned, that we would have more than 1,200 charter schools in California?
HART: No. It’s always hard to predict how legislation is going to play out. Although it was very contentious, I didn’t view it as something that was going to be earth-shaking or have the magnitude that it has.
The original law called for up to 100 charter schools. That was changed a number of years later. When the law first passed, we had no idea as to whether there would be any charters. It was like you give a party and you don’t know if anyone will come or not. It was kind of slow in the beginning. The accelerated growth has been just extraordinary, and it’s not something that not only myself, but I don’t think anybody else could have predicted or even imagined.
EDSOURCE: So what do you attribute that growth to? Are the charter schools from what you can tell doing collectively or individually what you would have hoped?
HART: It’s really hard to generalize because charters vary so much. Generally speaking, I’m supportive. With any legislation of this magnitude, there are always going to be issues and concerns. I do think there has been such a focus on how many new charters, it’s focusing on quantity and I had hoped initially there would be a lot more focus on quality, a more careful review of charters.
EDSOURCE: One of the questions originally was whether charters should be seen as a way to innovate and set examples for other district schools to learn from or to give parents a choice in high-poverty neighborhoods where they are dissatisfied with their schools. Those are really two different focuses.
HART: I think it was both. First and foremost was innovation and reform, giving an opportunity for people to do things differently and not be constrained by all of the rules and regulations from the district, from collective bargaining.
I heard over and over again from school folks, “Stop passing all these laws. We’re spending all of our time being compliance officers and bureaucrats and we’re not able to do our jobs as educators.” I thought that there was some truth to that and so passing this law really gave an opportunity for educators to be educators and not be as concerned about rules and regulations.
After the law was passed, there wasn’t much that came forward either from teachers or administrators or school board members who had complained bitterly about state laws. Instead of going out and doing it, a lot of people resisted. That’s not to say they were wrong because going through the whole process can be quite time-consuming and there’s a lot of blood on the floor sometimes for establishing these things.
This other aspect was also important — the people who felt that the existing schools, particularly in low-income areas, were not serving their needs; their school districts were too large or dysfunctional. They needed to have something that would be their own.
One of the concerns was, “This charter law will be for sophisticated parents who have a lot of time on their hands.” It was somewhat of a surprise to see that places like LA Unified and Oakland and other large urban school districts were where the charters were taking off. I think there was a dissatisfaction on the part of parents, but also because the business community and the foundation community got behind these efforts and provided resources. I never anticipated that charter management organizations would have such an important role.
EDSOURCE: The financial impact on a district was not part of the law. Was it brought up at the time?
HART: I don’t think so. The law didn’t have large-scale financial ramifications. We were talking about 100 charters statewide.
The bill was a major effort to try to defeat the voucher proposal that was going to be on the ballot and we saw it as an alternative to vouchers that would not go down that path of providing the large taxpayer subsidies to private schools and violating the church-state separation right. (Editor’s note: Prop. 174, which would have given parents a tuition subsidy to a private or parochial school equal to half of per-student funding at public schools eventually did make the November 1993 general election ballot; voters defeated it 70 to 30 percent.)
There was strong teacher opposition to the charter legislation from both AFT (American Federation of Teachers) and CTA (California Teachers Association) even though ironically, I got the idea from Al Shanker (the late president of the American Federation of Teachers) who had written about it. I was a great fan and Shanker had come out and testified on a number of occasions to legislation that we were considering.

“Charter fights in places like L.A. Unified have become almost religious wars, where large amounts of money are spent, and having an appeals process that is less political makes sense to me.”

The focal point of the unions was largely to ensure that collective bargaining laws would not be tampered with in the charter law. That issue was very contentious and I refused to budge. My position was that there needed to be a choice for teachers whether to form a union at a charter school.

Legislative ‘jiu-jitsu’

EDSOURCE: How did you ever get it passed?
HART: It wasn’t easy. The unions were strongly opposed and many other education groups — ACSA (Association of California School Administrators) and CSBA (California School Boards Association) — were neutral perhaps because they didn’t want to antagonize CTA. It was pretty lonely out there. We engaged in some legislative jiu-jitsu and pulled the bill out of conference committee and passed it quickly off the Senate floor with no debate and sent it to Gov. Wilson, who signed it into law. If we had followed traditional procedures and the unions had had time to work the bill, it likely would not have passed.
EDSOURCE: Did it become apparent that there would be resistance and that some folks in many districts at the time didn’t like competition? You knew that, right, because you set up an appeals process?
HART: We did, and it wasn’t that we had a cynical view towards school districts, but there was a potential conflict of interest that made, I thought, an appeals process a good idea. School boards and school administrators might oppose any charter because it might mean less district control, less revenue and more competition. So having an appeals process made sense and I thought county boards, who were also elected and had a sense of local issues, were the right bodies to hear appeals. Six years later the charter law was amended to provide another appeal to the State Board of Education. I understand now the state board spends up to half its time hearing charter appeals, which I’m not sure is a good use of state board time given all the other policy matters on their plate.
EDSOURCE: Would you eliminate that ultimate appeals process because it’s not a good use of (state board) time, or do you think someone else ought to be the ultimate authority or should you just keep it at the county level and whatever happens there happens?
HART: I still believe a charter appeals process is a good idea but charters are now becoming a campaign issue with some county boards of education so I’m not sure they are the right venue for appeals. Charter fights in places like L.A. Unified have become almost religious wars, where large amounts of money are spent, and having an appeals process that is less political makes sense to me. Perhaps the State Board of Education could appoint an expert panel to review and have the final say on charter appeals. I favor making the process less political and handled by more neutral people.

Financial impact on districts

EDSOURCE: Some districts are very frank about the financial impact of charter schools. “Look, we can’t afford it. We’re making cuts and you’re asking us to start new charter schools adding to the financial problems we have.” If you were to redo the law, would you hold a district harmless for the financial impact or compensate it for the impact of a charter?
HART: Some districts face loss of revenue due to charter growth, and many districts face unsustainable long-term employee health care costs and all districts face escalating pension contributions. A review of state financing seems in order. We have had funding adjustments to mitigate for declining enrollment. Perhaps something like that ought to be considered for districts with many charter schools. But a strict “hold harmless” for districts losing students to charters doesn’t make sense, as it would reward districts for not being competitive and it might also provide an incentive for districts to push out “undesirable” students. Trying to accommodate various factors that are affecting the financing of a district gets very complicated. There are unintended consequences you have to be careful about.
Districts have many financial challenges and it seems to me that charters are not the primary or even significant part of the financial problems districts face in the long term — those problems are going to remain with or without charter schools.
EDSOURCE: Looking back, seeing what people are saying now are some of the challenges to the law, what changes might you make?
HART: We now have more than 1,000 charter schools in California and we know little about their successes and failures. Some work has been done comparing charter to traditional public schools on student achievement but, given the great variety of charter schools, I’m not sure about the value of that body of research.
I would be interested in research on topics like school size — charters tend to be smaller. School mission — charters tend to have a specific rather than a comprehensive mission. Accountability — it’s easier to dismiss staff in charter schools. And school governance — charter board members are not elected by the general public and do not have to raise money to run for office. There’s a lot to explore with 25-plus years of experience and data.
I think we’re hungry for highlighting and replicating what is working well, whether it’s in a charter school or in a traditional school. We don’t do a good job of that.


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!

LEARN MORE

 

 

charter school fundingCharter School Capital Funding Allows School Leaders to Stay Focused on Their Students

With so many choices for where go to access financial resources for your school, it’s important to select the right one for you. 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 listen as Ricardo Mireles, Executive Director, Academia Avance shares his experience working with Charter School Capital.
This video was originally published Jul 17, 2014. We are proud of our continued partnership with Academia Avance. We are honored to support them in continuing their mission of setting a standard for public charter school excellence and inspiring a lifetime of learning and leading.



Charter School Capital Funding Helps Academia Avance Sustain Thier Growth

Academia Avance is a charter public school in the northeast community of Highland Park in Los Angeles. We serve grades six through 12. We are on track to having 500 students for this upcoming fall charter funding.

[The way that we can access] charter funding makes it very difficult for schools that increase their enrollment [because] you don’t see those funds until the spring. But the relationship that we had built with Charter School Capital allowed us to say, look, this month I need this much money.
Another challenge that charter schools have, is the need (in any kind of financial transaction) to provide some kind of collateral. And so, for new schools, small schools, they don’t own a building. They don’t have assets that they can pledge just for collateral. It’s just very difficult.

I’m really appreciative of how Charter School Capital was able to understand what our need was. We looked at this as a very different way of getting funding based on the one collateral that we do have – and that’s our students.

Charter School Capital has allowed us to work with a product that is flexible in terms of the amount, in terms of the timing. In all the conversations I’ve had with the leaders of Charter School Capital and their entire staff, they always understand what we’re trying to do with our students and how they’re joining us in making it work for our students.
We’ve been working with Charter School Capital now for four years and throughout, they’ve been flexible, and they’ve been very professional, and they’ve allowed us to stay focused on our students.

Starting the relationship with Charter School Capital is different from what we have experienced with other financial institutions in that they are very focused on the viability of the school going forward relative to the charter.

Without Charter School Capital, Academia Avance wouldn’t exist.


Learn more about Charter School Capital Funding

Our team works with you to determine funding and facilities options based on your school’s needs. 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.


GET STARTED

 

California Charter School LegislationThe Potential Impact of the California Legislative Session on Charter Schools

Last Friday, the California State Legislature adjourned for the year after sending hundreds of bills to the Governor for his signature. Several of the proposed bills from this recent California legislative session could have an impact on charter schools.
With elections being held in November, a new legislature will convene on the first Monday in December for an organizational session. They will meet for one day and then they will reconvene again in January.
Here are the bills – that could impact charter schools  – on the Governor’s desk awaiting his signature or veto:

  • AB 406 by Assemblyman McCarty would ban charter schools operating by or as a for-profit.
  • AB 1871 by Assemblyman Bonta would require charter schools to provide meals for students who qualify for the free and reduced lunch program.
  • AB 2601 by Assemblywoman Webber would mandate that charter school students in grades 7-12 receive comprehensive sexual health and HIV prevention education.
  • SB 328 by Senator Portantino would mandate that middle and high schools could not start school before 8:30 a.m.
  • SB 972 by Senator Portantino would require all schools serving pupils in grades 7-12 that issue pupil identification cards to have printed on that card the number for a suicide prevention hotline or crisis text line.

Fortunately, the Governor has been a strong charter school supporter and will probably look favorably on these pieces of legislation. If he signs any of them, charter schools will need to make sure that they are prepared for changes in the laws. At the very least, it would be a lot to implement at the local level.
To view any of these measures in their entirety, go to leginfo.legislature.ca.gov and hit the bill information link at the top left of the page.


Since 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 $1.6 billion in support of 600 charter schools that educate 800,000 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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california charter school funding New Five-Day California Charter School Funding Option

We heard from a number of charter schools that they needed a faster funding option for tight-turn budget needs. We’re very excited to now be able to answer that request with our new five-day funding option, currently exclusively for California charter schools.
Since our founding, we’ve been able to provide over $1.6 billion in charter school funding to more than 600 schools across our nation and most importantly, to serve over 800,000 charter school students. We’re proud to provide the reliability and stability charter leaders require as they embark on their journey to educate more students today—and in the future.
If your school needs funds fast, we can provide charter school funding in as few as five business days so you can keep your focus on what really matters – educating your students. And, as an ongoing Charter School Capital client, you may qualify for a lower-cost option on fundings, as well as additional benefits and services as we partner with you to ensure your school’s continued success and growth.
We help charter schools access working capital so they can:

  • Expand or grow programs
  • Open a new charter school
  • Enhance facilities – with labs, gyms, etc.
  • Provide new technology in the classroom
  • Hire and/or develop staff
  • Address budget shortfalls and delays (deferrals, holdbacks, etc.) gracefully
  • Improve transportation options
  • Enrich educational programs
  • Buy new equipment

Our team works with you to determine funding and facilities options based on your school’s needs. If you are trying to meet operational expenses, expand, acquire or renovate your school building, add an athletic department, or buy new technology, complete the online application below and we’ll contact you to set up a meeting.
To learn more about this new funding option, set up time with our California Funding Specialist, or get your funding request started by filling out the form here:
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2018 California Budget

2018 California Budget Passes

Last Thursday the Legislature acted on the 2018 California budget and sent it to the Governor for his signature.  There are still some trailer bills that they must pass but the document represents an agreement between the Governor and Legislative leadership.  Additionally, the budget agreement covered areas of disagreement between the administration and the legislature.  Items that were agreed to prior to the Budget Conference Committee meetings were not highlighted.  Though the budget continues to grow, the Governor as in past years, has attempted to keep spending under control.
Additionally, the budget includes the $3.5 billion mandatory transfer to the Budget Stabilization Account, along with a supplemental deposit of $2.6 billion.  Essentially placing those dollars into a rainy-day fund.
Total spending is $138.3 billion in general fund revenues.  In May, both Houses of the Legislature adopted the Governor’s Proposition 98 number at $78. billion. Proposition 98 funds K-Community College in California.  The final budget agreement added $3.67 billion to fund the Governor’s Local Control Funding Formula (LCFF), that is $407 million above the Governor’s May Revision proposal.  The budget also proposes an additional $300 million in one-time funding for the state’s lowest performing students.  This represents a deal with Assemblywoman Shirley Webber who is carrying legislation to make this funding ongoing for the lowest performing subgroup.
Below are some additional education related issues:

  • $1 billion in one-time funds, these dollars are discretionary and will add about $168 per ADA.
  • $150 million in ongoing funds for the California Technical Education Incentive Grant administered by the Department of Education.
  • $150 mllion in ongoing funds for the Governor’s proposed K-12 CTE program administered by the California Community Colleges.
  • $14 million in ongoing funds to support the Workforce Pathway Coordinators, K-14 Technical Assistance Providers and the Strong Workforce consortia.
  • $50 million in one-time funds to address the special education teacher shortage and $25 million to address the overall teacher shortage.
  • $250,000 for Homeless Student Grants.
  • $200,000 to redesign the LCAP template.
  • $200,000 to develop the Budget Summary for Parents intended to improve LCFF transparency.

These represent some of the larger items to come out of the 2018 California budget, there are some other one-time expenditures for school district facilities ($6 million for Sweetwater Unified and $4 million for San Francisco Unified), After School Kids Code Grant Program ($15 million) and there will be some dollars for Suicide Prevention Training.