A state budget proposal that would provide a significant funding boost for charter school facilities is nearly at the finish line. The Georgia Senate approved a budget that would bring a total of $9.2 million for Georgia’s Charter School Facility Grant Fund in FY24. That’s a significant increase from last year and would give every eligible charter school in Georgia $100,000. This represents an increase of $25,000 per school over last year’s grant awards. A recently passed House version of the budget contained the same facilities funding increase.
House and Senate are currently working to finalize the full state budget in a conference committee. The budget will return to both legislative chambers for a final vote before proceeding to Gov. Kemp’s desk.
Last year, GCSA successfully fought for an additional $3 million in facilities funding and brought the grant fund up to $7.5 million — which provided all eligible charter schools an annual grant award of approximately $75,000 to offset significant facility costs.