State Investment in Charters Considered
Should the state help charter schools build new classrooms? It’s harder for charter school operators to finance debt than it is for traditional public schools, but what if the State Board of Education used some permanent school fund money to finance classroom construction for Charter Schools? Board Chairman Gail Lowe says that may not be the greatest idea, especially if these schools can’t get financing on their own. “Which would maybe beg the question of whether we should invest in them if they aren’t investment grade.” It’s a question the Board will continue to look at and eventually may need legislative action to answer. No action will be taken by the Board at this month’s meeting.