REPORT: Cyber Charter Surpluses – June 2022

Cyber charter surpluses are substantial, growing, and unregulated. This issue matters to school districts
that are responsible for paying public cyber charter tuition and taxpayers who ultimately foot the bill.
State law already prevents school districts from stockpiling excessive reserves, and Pennsylvania’s cyber
charters should be required to do the same. Cybers should either spend their surplus balances on student
improvement or return the money to contributing school districts.