Federal Charter Schools Program Maintains Level Funding for 2024

By March 27, 2024 News

The federal Charter Schools Program (CSP) will maintain its current level of funding for 2024. This is good news for a program that, with funding set at $440 million, represents a small fraction of federal spending on education–but plays a big role in helping charter schools nationwide grow. The program provides grants to help new charter schools launch and existing charter schools replicate or expand. In addition, CSP grants target access to facilities and more.

Eric Paisner, the acting president and CEO of the National Alliance for Public Charter Schools, released a statement earlier this week about the FY 2024 budget, noting:

In the FY2024 Budget, signed by President Biden just days agothe federal Charter Schools Program (CSP) was protected from cut. Congress included level funding of $440 million for the CSPwhich was a remarkable victory given the contentious nature of the budget appropriations process this year. This marks the fifth year of level funding to the nation’s only source of dedicated federal funding for the creation of high-quality and in-demand public charter schools.  

The FY2024 budget includes new guiding language to allow for more flexibility in the use of CSP funds, including allocating funds to programs based on the needs of the field and supporting technical assistance for subgrantees. Most importantly, the cap is lifted on the State Facilities Incentives Grant, which makes it possible for the program to award new grants more frequently than once every five years. This means more schools will benefit from this funding stream as well as more states will be supported as they establish eligibility for this grant.

We thank the Appropriations Committee Chairs and Ranking Members for recognizing the value and educational opportunity public charter schools provide to families across the nation.

More advocacy for CSP lies ahead, however. Unfortunately, President Biden’s 2025 budget includes a $40 million cut to CSP. The Alliance is asking Congress for $500 million for the program. In addition, Congress is considering two bills that will amplify the work of CSP. Read more about those bills here. See more about the technical changes to CSP in the 2024 budget.

Kristen Blair

Author Kristen Blair

Kristen Blair is the communications director for the North Carolina Coalition for Charter Schools.

More posts by Kristen Blair