There have been some comments about how public charter schools take money from our local independent school districts.
In fact they do.
If we look at EPISD this year they will get about 560 million dollars in funding. Roughly 379 million will come from state and federal funding. Another 182 million will come from local property taxes. About 32.5 percent of the district’s funding comes from local property taxes.
If a child leaves EPISD and goes to a public charter school the district loses their state and federal funding for that child.
However it keeps the local property taxes.
While the district loses about 66% of their total funding for that child they get to keep the 32.5% that comes from local property taxes.
Since the child no longer attends the district this is free money and actually helps pay for things that the remaining children in the district get.
We deserve better