This bond will have an impact on charter schools because when tax revenues increase, charter school funding increases.
Charter schools receive the statewide average on funding. So, as school districts anywhere in the state increase tax revenues, including issuing bonds to build new schools, the statewide average of tax revenues increases. This, in turn means more money for charters and is called Local Replacement Funds.
Also, when bond money is available to build additional schools, the District has more seats available for students who may want to enroll in a charter for elementary school but come back to a District school for their secondary education.
As we plan for the future in building new schools, we take into consideration that charter schools may absorb some of the student growth and we plan accordingly.
At the end of the day, we all benefit from successful schools. Working side by side, District and charter schools alike can have a profound impact on young lives and the communities in which we live.