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Why do virtual academies get the same per-student funding as traditional brick and mortar schools?

Along with my business partner, Buzz Brown, I spend a great deal of time each day mired in Michigan local government and school district data and often ask myself questions about the information the data provides. For example, on the hot-button topic of school funding, the state provides equal state reimbursement for students who attend a virtual school, versus a traditional K12 or charter school.  Why?  Is this trend filling the coffers of for-profit virtual schools while draining much needed funds from traditional schools?

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