This report on the funding of charter schools in Dayton, co-authored by Bryan Hassel and Michelle Godard Terrell, is in response to a mistaken public perception that charter schools receive higher public funding than traditional public schools. Prepared for the Thomas B. Fordham Institute, this analysis makes clear that charter schools in Dayton receive considerably less operating money per student than schools within the Dayton Public School District. This discrepancy is primarily due to the charter schools’ lack of access to local tax dollars, a critical source of funds for the district.