Expected Growth for Charter Schools

 

The Trump Administration’s proposed budget for 2018 isn’t all bad news.  Although a 13% overall reduction in funding, there are considerable increases for charter schools and private school choice programs. On April 28, Congress will decide whether or not they want to continue the funding resolution as is or make changes for the upcoming school year.

The proposed budget includes a $168 million increase for charter schools, $250 million for a new private school choice program, and a $1 billion increase for Title I, dedicated to encouraging districts to adopt a system of student based budgeting and open enrollment that enables Federal, State, and local funding to follow the student to the public school of his or her choice.

Implications for Charter Schools

  • Increased spending on technology. Some schools will even increase their spending this year in preparation for the 2018 fiscal year.
  • The need for curriculum solutions will also increase.
  • New schools will most likely emerge, and they will need hardware, instructional materials and the gamut of classroom supplies.
  • The need for teachers in charter schools will also increase, causing volatility and movement among the current teacher base as well as growth of new teachers.

Recommendations for businesses and suppliers

  • Now is a good time to start building your brand with charter schools.
  • Not only is it important to get your product or service in front of key decision-makers, but it’s also important to start assessing their needs now. Send a quick survey asking about their needs so that you can target your offering to meet their objectives.
  • Don’t leave decision-makers behind. Make sure you have the most comprehensive and up-to-date contact names of school and district personnel.
  • Keep track of title changes and job movement. Schools add and remove personnel, teachers move, change names and even change job titles.   Don’t miss an opportunity because you have inaccurate data.