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Nationwide, charter schools are funded at approximately 64 percent of their district counterparts, averaging $7,131 per pupil compared to the average per pupil expenditure of $11,184 in traditional public schools.
How they're different: Charter schools receive state funding on a fixed, per-pupil basis, while traditional public schools receive more funding more heavily in the form of local taxpayer dollars. Both types of schools directly compete for state funding.
Charter schools receive funds from the same state funding formula as traditional public schools. Funding is limited to state sources and federal dollars. Charter schools receive the same state and federal funding as traditional public schools. Authorizers can withhold up to 3% for administrative fees.
Nationwide, on average, charter schools are funded at 61 percent of their district counterparts, averaging $6,585 per pupil compared to $10,771 per pupil at conventional district public schools. Unlike traditional district schools, most charter schools do not receive funding to cover the cost of securing a facility.
Charter schools are not better than public schools. The significant body of research on charters shows they generally do no better and often do worse than traditional public schools. Charter schools are not a pathway out of poverty. There's no evidence charters produce better long-term outcomes for students.
In fact, charter school students receive 27 percent less in per-pupil funding than their traditional public school counterparts, leaving a total funding gap of nearly $13 billion. Across cities with large charter sectors, charter schools receive an average of $6,000 less per student than traditional public schools.
Charter schools, like traditional public schools, are funded by taxpayers with public money. The precise formulas for determining base funding vary from state to state and from municipality to municipality, depending on dynamics such as local property taxes, state policy decisions and state and local budgets.
The core funding is paid either by local authorities, for maintained schools and other maintained institutions, or by the Education Funding Agency (EFA). 2) Top-up funding: allocated by local authorities from their high needs budgets.
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