Rent soars for charter schools, expected to hit $32 million by next summer

At Chalkbeat New York, Geoff Decker finds that New York’s soaring rent prices are creeping into the city’s charter school system:

The city’s tab for charter school rent is estimated to exceed $32 million by next summer, a spokeswoman for the city budget office confirmed Monday. The sum is the first clear indication of the price of state legislation passed in April 2014 that was meant as a rebuke of Mayor Bill de Blasio and his plans to end the city’s policy of giving charter schools free space in school buildings.

Decker found that as more schools pack in the same building, this means bigger bills for the city. Not surprisingly, the city will probably meet its $40 million spending threshold by 2016-17.

 

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