Eye On Boise

Bill would ease bonding for charter schools

Here's a news item from the Associated Press: BOISE, Idaho (AP) — A state lawmaker wants to help charter schools with costs of securing a facility for their classrooms. Under legislation Rep. Reed DeMordaunt introduced Tuesday, charter schools that raise money for buildings by issuing bonds would get help from the state in repaying their interest through a program now available to traditional school districts. If Idaho includes charter schools, DeMordaunt expects the cost of the Bond Levy Equalization program to increase by $370,000 next year. But he says that's a "pittance" compared to the $17.4 million currently spent on the program. Charter schools, which are funded with public money but given more freedom in how they operate, list facilities among their greatest challenges. They can't get money from property taxpayers to buy buildings and borrow at higher interest rates, paying the debt from their state funds for operations.

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Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

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