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Charter commission says authorizer fee largely covers costs; seeks $22 million more as portfolio grows
Summary
The Tennessee Public Charter School Commission reported its FY25 authorizer fee covered roughly 97% of expenses, awarded about $561,000 in TISA outcome bonuses, and has requested $22,046,500 in additional FY27 budget authority to recognize growth. Staff said they expect to authorize at least 26 schools serving about 9,600 students.
NASHVILLE — Lawrence Walker, the commission’s director of finance and operations, told the Business Operations Committee on Jan. 22 that the FY25 authorizer fee covered about 97% of the commission’s expenses and that the FY25 authorized-fee report was submitted to the State Board of Education on Dec. 1 and posted publicly.
Walker said TISA outcome bonuses of approximately $561,000 were awarded for student achievement in grades referenced in the statute and…
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