Cyber School Surpluses
Cyber-Charter Schools run large surpluses, demonstrating that they do not need the money allocated to them to run these “less expensive” schools.
Cyber School Building Costs
“Cyber charter schools can educate students for far less than traditional ‘brick and mortar’ charter schools and school districts. Cyber charter schools do not maintain expensive buildings or sports fields and they do not provide students with transportation.”
Pennsylvania Cyber Charter School do not need as much money to operate because they do not have buildings and they do not have transportation costs.
Charter School Debt Escrow (perceived) Needs
Charter Schools need greater financial oversight, thus, Senate Bill 1085 requires:
“Any charter school entity that elects to issue debt shall hold in escrow an amount sufficient to pay the annual amount of the sum of the principle maturing or subject to mandatory redemption and interest owing by the charter school entity or sinking fund deposit due by the charter school entity.” (SB 1085, page 19, (d))
Charter School are “Double Dipping” the System with PSERS Reimbursement
Pennsylvania Charter Schools receive their full allotment of PSERS money from the student’s home school district through the charter school funding formula (form 363). In addition, they get to reimburse half of their PSERS costs from the state. This is a “double dip” and unfair to allow charter schools to take tax dollars twice for the same cost(s).
Charter Schools Drain Tax Resources and are Over Funded
Tom Wolf on his website believes charter schools are a drain on tax resources and are unfairly over funded.
He states that, if elected, he will:
“Convene a commission to develop funding formulas that are fair to school districts, brick-and-mortar charter schools, cyber charter schools, and taxpayers. Currently, charter school funding is based on a school district’s per student costs, which includes funds associated with services not provided by charter schools. These all-in costs are starving our local districts of desperately needed resources and helping charter school fund balances grow. The Pennsylvania Auditor General’s Office estimates that accurate brick-and-mortar and cyber charter funding formulas could save taxpayers and local districts as much as $365 million each year.” http://wolfforpa.com/sections/page/charter-school-reform
Charter Schools Put Profit Over Student Learning
Tom Wolf believes that certain PA Cyber Charter Schools are “for-profit” schools and that some “charter school administrators are prioritizing profits over student learning.” http://wolfforpa.com/sections/page/charter-school-reform