Charter schools cheaper than N.Y. public schools: study

Monday, October 7, 2013

Charter schools offered free space in city educational facilities are actually a bargain for New York taxpayers, a new study shows.

The policy group Save Our States reports that charters in public school buildings cost more than $3,000 less per student less than regular public schools.

The big difference? Pensions and health costs for teachers and other staff are substantially higher for the traditional, unionized public schools compared to charters, which offer their employees 401ks rather than more generous defined benefit plans.

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