up to a year, so any findings that come out would probably not go into effect until FY 2014.
Helping Charter Schools Find Adequate Buildings
For more information on the Public Education Finance Reform Commission, visit http://www.pefrc.org/ Bhat is an education policy analyst at the DC Fiscal Policy Institute (www.dcfpi. org), which conducts research on tax and budget issues that affect low- and moderate-income DC residents. H
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Public charter school supporters are concerned with the way they receive funds to support acquisition or modernization of facilities. Each charter school receives $3,000 per student per year for these costs, but the level has been a bit unstable. Charter schools worry that lenders may be hesitant to provide mortgage or construction loans because their ability to repay the loans depends on unpredictable local funding for facilities. The charter school supporters also argued that $3,000 per student simply was not enough, especially for new schools trying to obtain adequate facilities. However, facilities funding was not part of the Commission’s initial charge, and there was not enough time to explore this matter in addition to the stated goals of the Commission. This important issue undoubtedly will come up again in the future. While not everyone got everything they wanted out of the Public Education Finance Reform Commission, the report examines several key issues related to fiscal equity and uniformity for all of DC’s publicly funded schools. It can serve as a springboard for DC’s policymakers to re-engage the public in these critical decisions affecting our schools. While the Commission’s recommendations now sit with the Mayor, it is important for the larger community to take notice of this report and weigh in on these recommendations for FY 2013 and future budget cycles for them to become reality.
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