The financial landscape of Ohio's charter schools

Farah Siddiqi

Ohio's charter schools have been a topic of debate for more than two decades, with strong opinions on both sides.

Charter schools operate independently of traditional public school districts, often promising more flexibility and innovation. However, concerns about funding persist.

Steve Dyer, former chair of the Ohio House Finance Committee and member of the Ohio Coalition for Equity and Adequacy of School Funding, highlighted a new report exploring the significance of charter schools in Ohio which pointed out nearly half of all charters in the state have closed.

"Ohio's charter school experiment, which is now about 25 years old, has been an utter failure," Dyer asserted. "Because the state has so heavily invested in charter schools, the average charter school student gets more than double the amount of state funding that a kid in a local public school gets."

Dyer's concerns focus on the disparity in funding between charter and traditional public schools, with charter students receiving significant state support despite some schools underperforming.

According to the Ohio Department of Education, charter schools have higher closure rates, with nearly 50% of them closing by their 10th year. Critics argue the financial investment in a less stable educational system could take away from local public schools, which rely on a combination of state and local funding.

Others contended charter schools offer parents additional choices in educating their children.

William Phillis, executive director of the Ohio Coalition for Equity and Adequacy of School Funding, stressed the quality of the options is critical.

"There's no qualifications established by the state of Ohio," Phillis pointed out. "Many operators have no clue as to what education is all about, have no clue in some cases how to operate a business. They just see it as a financial opportunity."

Ohioans remain divided on whether charter schools deliver on their promises. On one side, advocates believe in the value of offering educational options to parents. On the other, opponents question the sustainability and financial strain on the broader public education system.