Aug 18, 2010 5:42 PM by Greg Boyce
Colorado has been awarded more than $40 million to help Charter Schools. Denise Mund, director of the Schools of Choice Office at the Colorado Department of Education announced the grant Wednesday. It totals $13.6 million a year for three years and comes from the U.S. Department of Education.
The purpose of the program is to increase financial support for the start up and expansion of Charter Schools. The money may also help increase the number of charter schools in operation.
"Ninety-five percent of these funds will go directly to new charter schools in their first three years of operation," said Denise Mund, director of the Schools of Choice Office at the Colorado Department of Education. "The grant will fund curriculum, professional development, administrative costs, desks and classroom supplies, office equipment, furniture and technology."
The remaining 5 percent of the grant funds the Schools of Choice Office and provides training for charter school leaders.
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