Tuesday, March 17, 2009

Charter Bonds Bill Neutered to Move Forward

SB 176 was heavily amended on Thursday in order to get it out of the Senate Education Committee. The bill went from being a "shall" bill to a "may" bill. Essentially, other than making a statement in statute, the bill would have little, if any, effect for charter schools seeking assistance with their capital construction costs. Charter schools spend anywhere from 10 to 30% of their per pupil operating revenue for capital construction. School districts have access to taxpayer-generated bond revenue that charter schools do not.

Sen. Peter Groff noted during the hearing on the bill that charter school students comprise more than 7% of the state's public school population and yet receive less than 2% of bond revenues. Further data supporting inequity in charter school capital funding is in the Colorado League of Charter Schools' "Shortchanged Charters: How Funding Disparities Hurt Colorado Charter Schools."

The bill now goes to the floor of the Senate for second reading.

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