Charter schools will get capital constructions funds without the paperwork burden associated with the previous version of the School Finance Act bill. The bill was amended so that the entire $10 million will be distributed according to the formula that's been used since the fund's inception. This capital construction fund will be distributed by dividing the amount by the total number of charter students in eligible facilities. This means online students and students in government-owned facilities don't receive this funding.
HB 1388, the School Finance Act bill, now goes to conference committee before it has a final vote in both houses of the General Assembly. A preliminary estimate of the per student amount next year is around $175.
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