Wake County school administrators are warning that charter schools could take millions of dollars more from the school district’s budget over the upcoming fiscal year.
At Tuesday’s budget presentation, Chief Business Officer David Neter told the school board about how the district may have to provide $3 million more in local funds to charter schools for the 2016-17 fiscal year. He also talked about how pending state legislation could also result in Wake turning over more funding that’s currently not given to charter schools.
The financial warning comes as Wake and other school systems face increased competition from charter schools, which are taxpayer-funded public schools that are exempt from some rules that traditional public schools must follow.
Wake school officials project that the district will add 1,898 new students for the 2016-17 school year and that charters will add 1,193 new students.