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District outlines $1.3M allocation and facility questions for proposed 2 Rivers charter
Summary
District finance staff told the school board a 100-student 2 Rivers charter would draw roughly $1.3 million through the state formula; after estimated teacher adjustments the initial net district cost could exceed $1 million, with ongoing questions about a proposed $100,000 lease, building capacity, and maintenance liabilities.
District Chief Financial Officer Andy DeGraw presented the board with a fiscal model showing the likely budgetary impact if the 2 Rivers Homestead Charter opens with roughly 100 students.
Using the state funding multipliers and a base student allocation of 6,660, DeGraw said the charter’s adjusted average daily membership would translate to an allocation "pretty close to $1,300,000." The model then subtracts two estimated classroom-teacher savings (rounded to whole FTEs), producing an initial FY27 net cost to the district of about $1,044,000. DeGraw warned the district would not see revenue benefits immediately due to a hold-harmless provision tied to…
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