With recent media coverage regarding Chapter 766 (C766) school finances, maaps is pleased to share today the following information detailing facts about the oversight, accountability and cost-effectiveness of C766 schools.
As recipients of taxpayer funds in the form of tuition payments for publicly-funded students with special needs, C766 schools should be highly accountable to the public—and they are.
maaps‘ ‘The Big Picture’ Fact Sheet (available here) highlights how C766 school finances remain tightly regulated, closely monitored and always transparent to the public. It also sheds light on the state regulations that limit executive compensation included in C766 school tuition rates determined by the Commonwealth. More information from ‘The Big Picture: Public Accountability for C766 Approved School Finances & Executive Compensation in 2016’ can be accessed here.
It is also important to call attention to the cost-effective services provided by maaps member schools. A 2012 comparative cost analysis, The Bottom Line Report, conducted by maaps demonstrated C766 school costs to be 35% lower than those of public schools and educational collaboratives, after the differences in a number of factors are considered. These factors include the severity of student needs, length of school year, staff compensation and hidden costs to taxpayers in public schools and collaboratives.
The Commonwealth sets tuition rates below the allowed costs of our member schools, causing 57% to operate at deficits that must be offset by private funds or out-of-state tuitions to maintain operations and provide a high-quality, cost-effective education to students. maaps member schools provide over $21 million per year in private fundraising dollars to subsidize the education for publicly funded students.