Metro Nashville Public Schools’ finance department has created a formula placing an expense on opening a charter school.
The idea is akin to how the state assesses the financial impact of a bill on the state’s coffers. At the district level, the process explains as closely as possible the cost of a new charter on the district’s operating budget for short- and long-term planning purposes.
The district applied the formula to Tuesday night’s KIPP Nashville application hearing, setting a precedent of tying charter fiscal impact into the application process.
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