Thursday, December 19, 2013

Happy Holiday's from Funding The Gap


Article from The National Alliance for Public Charter Schools

 Federal Budget Agreement: One Step Closer to More Funding for Charter Schools?

Last week, the U.S. House of Representatives passed a Fiscal Year 2014 budget deal by a vote of 332 to 94; the Senate is expected to pass the budget later this week. The budget vote sets the framework for federal spending over the next two years and is the first step in moving the appropriations process forward.

Specifically, the budget deal provides $63.4 billion in additional spending above sequestration levels for FY2014 and FY2015. But for the rest of this fiscal year (FY 2014), $22.36 billion will be provided for non-defense discretionary programs, such as education and health care programs, and every government agency and program outside the U.S. Department of Defense. Therefore, new funding will be spread thin.

The next step is for the House and Senate Appropriations Committees to work out how much federal funding will actually be spent on these various programs. In the wake of the House vote, House and Senate appropriators signaled that they will begin to work to bring the 12 separate spending bills that cover the different U.S. agencies and the programs they administer into a single omnibus appropriations package for FY2014. Congress must act before January 14, 2014 in order to prevent another government shutdown.

What remains unclear is how much the appropriators will have to spend on individual education programs, including the Charter Schools Program (CSP). Federal funding for the CSP is essential in order to ensure new charter schools can open and meet parental demand. Nevertheless, an increase–even a slight increase to pre-sequestration funding levels–would be a win for public charter schools. Any new funding will help states grow the number of public charter schools and alleviate the estimated one million student names on public charter schools waiting lists.

It has taken some time for Congress to reach a budget agreement. Now it’s time for Congress to put forward an appropriations bill that ensures federal resources are available to support the growing public charter school community. Over the week, the National Alliance will continue to work with members of Congress to educate them on the importance of CSP and the need for increased funding.

Pamela Davidson is the senior director of government relations at the National Alliance for Public Charter Schools.

Posted by: Pam Davidson, Senior Director of Government Relations at 6:00 AM
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Wednesday, December 11, 2013

Funding  The Gap is a capital advisory firm providing facilities financing solutions for Charter School Operators and Developers.  Through strategic relationships with capital source lenders, debt and equity, Funding The Gap is able to assist start-ups and existing campuses find short and long term debt as well as guide through acquisitions, refinancing, renovations and expansion projects.  We are not a single source lender, our goal is to provide the best financing option for your situation and move the task of searching for a lender off of your desk and onto ours.

Friday, November 29, 2013

Charter Schools Lead the Way on STEM


As originally posted on the U.S. CHamber of Commerce blog for Education and Workforce.

Over the next decade, the Bureau of Labor Statistics estimates the United States will create 9.2 million jobs in science, technology, engineering, and mathematics (STEM). In order to fill these jobs, experts agree that we must adequately train our students in STEM fields. This is a critical step toward securing our economic competitiveness.

It’s encouraging to see some of our nation’s best high schools embracing STEM education. Take a look at the
U.S. News 2013 list of “best high schools in America” and you will find a number of schools with a strong focus on STEM workforce preparation – and many of these schools are charter schools.

On a recent survey, one-fifth of all American charter schools reported that they have a specific STEM or math/science focus, and this number is growing.

Among them are the Magnolia Science Academy, a high school in California, and the Denver School of Science and Technology in Colorado. Both are models of STEM-focused education, and both are public charter schools.

At Magnolia Science Academy all students take a computer class every day and technology is integrated into core classes. Students learn how to design websites and effectively use the internet and curriculum that is aligned with National Educational Technology Standards.

The school also sets a high bar in mathematics. In 2006, Magnolia student Zarathustra Brady became one of six U.S. students on the gold-medal winning national team at the International Mathematical Olympiad.

Denver School of Science and Technology (DSST), a cluster of six public charter schools, focuses on bringing STEM education to low-income and minority students.

Despite many incoming students performing below grade level, the school’s high standards foster a culture of achievement. Students take algebra-based physics in 9th grade and are expected to complete college-level coursework in science and engineering by the time they graduate.

Thanks to its robust curriculum, the schools boast a 100 percent college acceptance rate.

These examples are inspirational, but I believe we can do even more.

Neither schools nor businesses can tackle this issue alone, but together we are poised for success.

The
National Alliance for Public Charter Schools, which represents 2.3 million students in more than 6,000 schools, is working with charter schools across the country to connect them with STEM resources and ensure they are working with their local business communities to craft school curriculums that will prepare students for careers in STEM fields.

The charter model is unique because it provides schools with the freedom and flexibility to align teaching to our evolving workforce needs.

We’re grateful to chambers of commerce for playing such a critical leadership role in advancing STEM education and look forward to building strong alliances with business partners from coast-to-coast to better serve our nation’s students and their communities.

Nina Rees is the president and CEO for the National Alliance for Public Charter Schools

Posted by: Nina Rees, President and CEO at 6:00 AM