S.B. 3037 Summary

• Modifies authorizer annual reporting requirements to include performance reports for each charter school based on the performance framework in the charter contract, rather than comparing charter school performance to statewide public school performance.

• Removes the requirement for authorizers to report on financial performance of operating charter schools separately, consolidating reporting into performance framework evaluations.

• Streamlines the charter application review process by removing the requirement for authorizers to notify applicants of application completeness before evaluation.

• Revises the performance framework to replace "attendance" and "enrollment variance" metrics with "post-secondary readiness" and "budget variance" as key performance indicators.

• Changes auditor selection process from authorizers selecting three independent auditors to authorizers providing each charter school with a list of approved auditors from which the school selects one.