An Act relative to the financial impact of charter schools

This bill requires Massachusetts to assess the financial effects of new or expanding charter schools on the public districts that would lose students. It mandates that the state education department submit a report on these financial impacts before any charter school application can be approved. Additionally, the bill establishes a funding mechanism where the department must annually request full reimbursement for costs incurred by sending districts; if the legislature refuses to fund this reimbursement, the state board is prohibited from approving any new charter school applications or expansions for the next school year.