Results tagged “finance”
With economic turmoil persisting nationwide and statewide, many California charter schools have few options to obtain financing to purchase, construct or renovate facilities. CCSA's California Charter Building Fund (CCBF) has continued to provide reasonably-priced capital for charter schools.Thanks in part to the CCBF, the Alliance for College-Ready Public Schools recently secured permanent homes for three of their 16 Los Angeles-based schools.From: In the News.Published June 22, 2011.Last Modified June 22, 2011.
California's budget problems are creating an unsustainable cash flow situation for public schools, which have been forced to cope with multiple payment deferrals. While districts can reliably access Tax and Revenue Anticipation Notes (TRANs) to address most of their cash flow concerns, charter schools have far fewer options. CCSA, together with financial partners Nonprofit Finance Fund (NFF), Enterprise Community Partners and Low Income Investment Fund (LIIF), launched an Emergency Loan Program in response to Spring 2011 state delays. The program provided approximately $2.2 million in loans at a competitive rate.From: In the News.Published May 11, 2011.Last Modified June 16, 2011.
In California, there is a persistent and clear pattern of funding inequity for charter schools. It is an issue that has been exacerbated by the tough economic times the state has gone through for the past decade. CCSA continues to work on increasing charter access to working capital options that allow schools to address their financial needs so they can focus on educating students.From: In the News.Published May 9, 2011.Last Modified May 9, 2011.
CCSA's Government Affairs team makes public school funding a top priority. Today, Assemblymember Julia Brownley, chair of the Assembly Education Committee, held an informational hearing on developing a new structure for school finance, and CCSA was in attendance on behalf of our members. Our major message at the hearing was that CCSA encourages the Legislature to look to charter schools as laboratories: we can help!From: In the News.Published March 23, 2011.Last Modified March 23, 2011.
Charter school budget and finance issues continue to be a top priority for CCSA, even during the legislative recess. In an effort to keep these issues front and center, CCSA convened charter school leaders, members of the banking community, representatives from philanthropic foundations, the California School Finance Authority, the California Department of Education and Association staff for a presentation and in-depth conversation about charter school funding equity and access to working capital financing.From: In the News.Published December 15, 2010.Last Modified June 16, 2011.
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