CPS is increasing the per-pupil funding provided to charter schools for this year in order to “equalize” funding between them and traditional schools.
Charter school operators say that even with the slight increase, some of them are down so many students that they have had to shift spending around to create a balanced budget.
CPS will spend an additional $7.8 million on charter schools, but spokesman Bill McCaffrey says he is not sure how much more per-pupil that amounts to.
The decision is in response to the late September announcement that CPS would not cut traditional school budgets even if they had less than the projected number of students. Under student-based budgeting, schools get a stipend for each student, but ever since implementing the new strategy two years ago, officials have declined to take money away from schools that enroll fewer students than expected.
"We must be fair and equitable and charter school students are still CPS students," McCaffrey says.
CPS will spend an additional $24 million to let traditional schools keep money even if they enrolled fewer students, and to provide more money for those schools that got more students.
Charter schools had been budgeted to get the same per-pupil rate as district-run schools, which is an average of $4,390. Charter schools also get an additional $1,973 per student to make up for the support that traditional schools get from the district.
State law stipulates that charter schools must receive funding per student, so the district would have had to take away extra money from charters that enrolled fewer students than expected. Also, unlike CPS-run schools, charters have a cap for how many students they can enroll and must get CPS board approval to increase that cap. If they take in more than that cap, they don’t get more money.
Last year, as many as 38 of 120-plus charter schools did not have as many students as they were projected to get, according to a Catalyst Chicago analysis of CPS data. Many of the charters that were short of students were new.
Though CPS must take an official count of students for state funding purposes on the 20th day of school, which was September 30, the district has not yet released school-by-school numbers.
McCaffrey has already acknowledged that the overall projection of 400,445 students district-wide was off by at least 3,000 students, leaving the district with a total of 397,000.