Charter Schools Accountability Report (2009)
Source: The Center for Education Reform website, 2009
See here for the DOCUMENT.
Related Miami Herald, Dec 2011 reading
For most charter schools, finding a location is the greatest difficulty and expense. Most schools rent their facilities — in churches, shopping centers, or brand-new school buildings erected by real-estate developers. Any property used by charter schools is exempt from property taxes.
Some schools devote less than 5 percent of their income to rent. Others pay crippling rates.
Neither the state nor the local school districts have rules or guidelines on how much a charter school lease should cost; nor are schools required to seek independent appraisals. But Hage, of Charter Schools USA, said a school’s lease should not eat up more than 20 percent of its revenue.
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