The Michigan School-Aid Budget allocates funding for public education bodies, including traditional public and charter schools. While both entities provide 100% free and public education options to families across the state, charters schools and traditional public schools are NOT funded equally.
WHAT ARE THE FACTS?
- On average, Michigan charter schools receive about $2,782 or 20% LESS per pupil than traditional public schools.
- The average charter school is 32% more cost effective than the average traditional public school located in the same city.
- The average charter school generates an average 36% higher return on investment per every dollar it spends than traditional public schools.
WHAT ARE THE FY 2021 DETAILS?
- A $225 increase in the foundational allowance for all charter schools, for a total of $8,336 per charter student
- A $60M increase in additional funding for at-risk students, including those with special needs, English language learners and those who are economically disadvantaged
- $25M in new funding to reimburse teachers for out-of-pocket supply costs, for a total of $250 per teacher
- $42M to expand preschool services through ISD's - this EXCLUDES charter schools by definition
- A 20% cut to foundation allowance for cyber CHARTER schools (no cuts are made to virtual programs run through traditional districts)