What is in 5A & 5B for Charter Schools?
In Jeffco, we have 15 charter schools with 17 charters throughout the district. These public schools operate under a contract, or “charter”, with the school district. They are each managed by their own school-level board of directors comprised of parents, teachers and/or community members. Charter schools also receive support from the district, including from the Charter School Office which is the liaison between charter schools and the district. Each charter school renews their agreement with the district every 5 years through a detailed charter renewal application process. To learn more about charter schools, you can visit the Charter School Process section of the Jeffco Schools website.
5A – $33 million Mill Levy Override
Mill Levy funds will be distributed to charter schools on a per pupil basis. Charter schools have approximately 10% of the students in Jeffco Schools and will therefore receive approximately 10% of the mill levy funding. 95% of the charter funding will be sent to each charter based on enrollment and the additional 5% will be allocated to charters based on free and reduced lunch enrollment. Each charter school’s board of directors will determine the use of their additional funding.
5B - $567 Million Bond
At the April 2018 Jefferson Charter School Consortium meeting, the fifteen charter schools unanimously voted to request the Jeffco School Board to appropriate bond funds equally to each charter school regardless of enrollment. Approximately 10% of the total Jeffco bond funds will be split equally to the 17 charter school campuses. Each charter school’s board of directors will determine how they’d like to invest these capital funds. For information on what each school is considering, the list of schools below contains links to their Facility Fact Sheet.
A snapshot of most current enrollment numbers and approximate potential funding:
*State law mandates that charter schools be in operation 5 years before they receive bond funds. The Jeffco School Board has elected to hold these funds for schools open fewer than 5 years. Once they reach qualification, the funds will be available to them.
For more information on charter schools and 5A & 5B, please visit the Jeffco Schools Future Funding Site.