Epic gets almost $44M more in midyear adjustments
Continued success in recruiting new students netted Epic Charter Schools an additional $43.7 million in annual, midyear adjustments just made by the Oklahoma State Department of Education.
And because Oklahoma has more than 6,500 new students on the public school rolls and many more children attending private schools on state-funded scholarships, the rate of state aid that all public schools receive had to be reduced by $11.21 per pupil for the remainder of the fiscal year.
“We like schools to have the (per pupil) factor go up at midyear, rather than go down, and that’s by design,” said Carolyn Thompson, chief of government affairs and deputy chief of staff at the state Department of Education. “We have more students and more students with greater needs — the greatest of those are special education students. You have the same pot of money and you're distributing it across more students.”
In making midyear adjustments, state education officials distributed the final 1.53% of state aid, or $36.2 million, among all of the state’s public schools.
- Related to this story
- Article: Epic Charter Schools suing state senator alleging libel, slander
- Article: Resolution coming for lawsuit against Epic Charter Schools
- Video: Epic embezzled millions with 'ghost students,' OSBI says