New funding formula approved for charter schools

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In fiscal 2008, the 22 charter schools operating in Baltimore will be allotted $8,415 per student ? more than last year, but still less than the estimated $11,000-per-pupil allotment given to traditional public schools, according to a new funding formula.

The Baltimore City Board of School Commissioners approved the formula Tuesday night. It does not factor in special education and Title One money, which lower the per-pupil allotment.

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