Here is an update on the costs to the existing schools:
Year one: 100% reimbursement for 180 students, no loss to the district schools.
Year two: no new students, 25% reimbursement for 180 students. 180 x .75 x $13,000 = $1.75 million loss to district schools.
Year three: 60 new students whose costs are fully reimbursed. Same $1.75 million loss to the district schools.
Year four: 60 new students fully reimbursed, 240 students reimbursed at 25%. 240 x .75 x $13,000 = $2.34 million loss to district schools.
Year five: 60 new students, 300 reimbursed at 25%. 300 x .75 x $13,000 = $2.925 million loss to district schools.
Year six: 360 students reimbursed at 25%. 360 x .75 x $13,000 = $3.51 million.
There are other factors such as the mix of students – the city will pay more if the school succeeds in attracting English Language Learners (kids who aren’t fluent in English) than if the school falls short. This may have something to do with why the School Department’s numbers are higher, I don’t know.
But even with the charter organizers’ numbers, these are very big cuts.
Keep in mind, the total budget of an elementary school, like the Brown School is $1.7 million. The Winter Hill Community schools budget is $3.7 million.
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Date: 2011-12-08 10:00 pm (UTC)Year one: 100% reimbursement for 180 students, no loss to the district schools.
Year two: no new students, 25% reimbursement for 180 students. 180 x .75 x $13,000 = $1.75 million loss to district schools.
Year three: 60 new students whose costs are fully reimbursed. Same $1.75 million loss to the district schools.
Year four: 60 new students fully reimbursed, 240 students reimbursed at 25%. 240 x .75 x $13,000 = $2.34 million loss to district schools.
Year five: 60 new students, 300 reimbursed at 25%. 300 x .75 x $13,000 = $2.925 million loss to district schools.
Year six: 360 students reimbursed at 25%. 360 x .75 x $13,000 = $3.51 million.
There are other factors such as the mix of students – the city will pay more if the school succeeds in attracting English Language Learners (kids who aren’t fluent in English) than if the school falls short. This may have something to do with why the School Department’s numbers are higher, I don’t know.
But even with the charter organizers’ numbers, these are very big cuts.
Keep in mind, the total budget of an elementary school, like the Brown School is $1.7 million. The Winter Hill Community schools budget is $3.7 million.
By year two , we lose an entire school.