Definition of a Charter School:
Charter schools are public schools operating under a performance contract or “charter.” The charter allows the school to operate under defined rules and regulations. As part of the contract between the charter school and the sponsor (the school board), charter schools are held strictly accountable for academic and financial results.
Purpose of a Charter School:
Charter schools are independent public schools, which are fiscally and academically accountable to the sponsoring school system, but exempt from district and most state statutes. The schools also have control over 95% of the student funds generated through student enrollments. This freedom is intended to allow charter schools to be more innovative, demonstrate better student performance, and make the local school the agent of change for the students the school serves.
Types of Charter Schools: