|Posted:||April 3, 2017 10:28 AM|
|From:||Representative Mike Carroll|
|To:||All House members|
|Subject:||Limitations on Certain Unreserved Funds|
|In the near future I will introduce legislation to make fiscal accountability requirements the same for all public schools in Pennsylvania. Since charter schools and traditional schools are both public schools -- funded by taxpayer dollars -- the legislation will bring charter schools in line with school districts by imposing limits on the unassigned fund balances that charter schools may accumulate.
The Public School Code currently limits the unassigned fund balances that school districts may amass, but places no similar restrictions on charter schools.
My proposed legislation includes language similar to previous bills aimed at protecting taxpayers by leveling the playing field between public school districts and public charter schools by requiring them to adhere to the same unassigned fund balance requirements.
Further, my bill will benefit school districts and taxpayers by requiring public charter schools to refund unassigned fund balances in excess of the limits on a pro rata basis to all school districts that paid tuition to the charter school entity in the prior school year.
Introduced as HB1198