This inequitable funding formula was created by the State even though the State does not fund the Charter schools and they offer NO additional funding to offset any financial impact to the home district.
There is only one pot of money and every additional Charter (resident) student's education is funded by the district budget that funds the educational needs of the district students in Calabro, Connors, Wallace, Hoboken High and Brandt school.
So when Charter enrollment increases, funding for district students decreases, regardless of the District school's enrollment. It is this funding formula created by the State but not funded by the State that pits families against families and promotes an adversarial relationship.
So why is it that HoLa's website states that Charter schools are funded by the State?
Welcome to Hoboken Dual Language Charter School
If you look closely at this page from HoLa's budget you can clearly see that they receive ZERO state funding. So why is this misinformation allowed to stay on HoLa's website and mislead their parents and our community?
I have publicly asked Executive Director Jen Sargent twice to correct this error and to post the facts. My request was ignored both times. I will ask her a third time.
You can see that in the budget year 2015/2016 the local contribution from the district budget to HoLa will increase from $3,074,439 to 3,423,538 an additional $349,099 for next year's budget. I assume that this $349,000 will fund the educational costs for next year's 22 7th graders.
What services, programs or positions will the district schools have to cut in order to come up with the additional allocation of $349,099? That's anyones guess and as a district parent I am greatly concerned about it. Pitting families against each other I'm sure was not the intent of this funding formula but what more can families do then to advocate for their children. This can only be done when the facts are provided and not lies.
Please Ms. Sargent revise your statement to accurately reflect the truth, Charter Schools are funded by the local district budget and are not State funded.
$8.3 Million of the District's $64.6 Million dollar budget is allocated to Charter Schools and an additional $10.5 Million that funds the district's PreK program.