In the face of a state budget crisis, New Mexico should cut funding for existing charters and temporarily halt approvals of new charter schools, says a new report released Friday by the Legislative Finance Committee (LFC). But that could lead to the closure of “90 percent” of the state’s charter schools, New Mexico Coalition for Charter Schools Director Lisa Grover warned...
Charters, which are generally smaller schools, spend an average of 23 percent of their operational funds on administration, compared to 12 percent among public school districts, the LFC review found.
Citing these problems and a spate of late and problematic charter school audits, the LFC recommended cuts in funding for charters’ leases of school buildings and should lose $24 million in small school size adjustment funding.
The LFC spotlighted questionable purchases by charter schools and noted that charters spend an average of $9,200 per student, compared to an average of $7,300 per student by other public schools.
http://newmexicoindependent.com/60098/charter-school-funding-should-be-cut-legislative-committee-says