What is a Charter School?
A charter school is a public school of choice designed to offer an alternative approach to education. Charter schools are established under a charter (contract with the state), authorized by a local school district or the Ohio Department of Education. The “charter” outlines the metrics the school is required to meet including its mission, educational approach, student achievement, performance goals, and financial accountability metrics. Charter schools are given greater flexibility in the operation of their schools, but unlike traditional public schools, they are assessed annually to determine if they are successfully meeting the requirements of their charter in order to ensure the continued operation of the school. Charter schools are governed by a Board of Directors which is responsible for the policy and financial oversight of the school.
How are Charter Schools Funded?
Charter schools receive state and federal dollars like district schools receive, determined by Ohio Legislature. However, public charter schools do not receive any property tax, bond or levy funding and are generally funded 75 cents on the dollar compared to public schools. As a result of this, most charter schools fundraise to make up the gap in funding.