Mississippi gets $15 million for charter schools

Source: MGN

JACKSON, Miss. (AP) - The federal government is channeling $15 million to Mississippi over five years to subsidize the start-up of charter schools. The money could help lure new schools to the state or allow the state to approve otherwise-underfunded local applicants.

The U.S. Department of Education says the grant is part of $332 million it's recommending for nine states.

The Mississippi Charter School Authorizer Board says it intends for operators to open 15 new charter schools in five years, a much faster rate than the five schools the board has approved since 2014. Ninety percent of money would subsidize new schools, key because schools don't get tax money before they open.

The remaining money would be aimed at bolstering the academic performance of schools and improving the charter school board's own performance.