The Christie Administration along with the state of New Jersey and the New Jersey Economic Development Authority have issued $30 million in federally subsidized, low-interest bonds to help finance construction of new classrooms and other needed facilities within the state�s charter schools.
“For too long, charter schools have been denied equitable resources to finance construction projects needed to grow, expand and serve even more children,” said Acting Education Commissioner Rochelle Hendricks. “Other public schools have always been able to borrow money at a low interest rate to help them meet their facilities needs. Today, we begin to level the playing field by providing financial help to charters to help them build and improve facilities,” added Hendricks.