Dylan Pauly, Legal Counsel Steve Hartley, Chief of Staff, Madison School District via a kind reader’s email (700K PDF):

– removes the ability of an individual board member to initiate a charter proposal – must be initiated by the board instead (superintendent can also initiate)
– $6,500 per pupil funding formula, with reductions in district funding after the 3rd or 4th year (unclear) of between 10-20% based on private fundraising.

Madison will spend about $15k/student during the 2012-2013 school year.
Related: Many notes and links on the rejected (by a majority of the Madison School Board) Madison Preparatory Academy IB Charter School.
Madison Mayor Paul Soglin: “We are not interested in the development of new charter schools”. More, here.