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Charter school lease aid capped at $50,000 per school; payments prorated when demand outstrips appropriation
2650907 · February 13, 2025
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Summary
The Department of Education described the charter school lease aid program: grants equal 30% of eligible annual lease payments with a $50,000 per‑school cap; payments are prorated when the appropriation does not cover demand.
Tim Kearney and department staff briefed Finance Division II on the charter school lease aid program. The department explained that eligible charter public schools that lease their facilities may receive lease aid equal to 30% of annual lease payments up to a $50,000 per‑school cap. "If the appropriation does…
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