Our schools are primarily funded by federal and state appropriations. However, public charter schools receive on average $1,000 less funding per student than traditional public schools. For NFPS District that gap amounts to $701,000 each year. Under the state’s school funding formula, public charter schools do not receive any form of facilities funding or any credit enhancement for facilities, the latter of which results in a significantly higher interest rate for financing charter schools facilities. As a consequence, districts like ours must seek investments from the philanthropic community so that our schools continue to grow and meet the needs of our students.