Earlier this year, the NC Court of Appeals upheld a ruling that required school districts to give charter schools in their jurisdiction a cut of various district funds.
Now, the Department of Public Instruction (DPI) and the Local Government Commission (LGC) are looking for new ways to keep money away from charter schools – enter Fund 8.
Representatives from DPI and the Local Government Commission met last week to discuss the establishment of a fund into which local school systems may deposit monies designated for restricted purposes. This new fund, Fund 8, will allow LEAs to separately maintain funds that are restricted in purpose and not intended for the general K-12 population in the LEA. These are funds that may legitimately be kept separate from the local current expense fund.
I am not sure why they hate public schools so much.
H/T: PJN
