Last week, Governor Kasich unveiled his new school funding formula with a lot of fanfare but few details on what it would actually mean for districts. Now, districts are finding just how much they would get under the new formula. StateImpact Ohio’s Ida Lieszkovszky reports some people are surprised by the numbers.
Governor Kasich is set to reveal his plans to overhaul school funding in the state. There’s very little known about details but as Emily McCord reports for WYSO, it’s likely that digital education will be component.
Governor Kasich has signed a bill into law that grades schools on an A through F grading scale, which is a part of a bigger education plan that the Governor intends to release soon.
Ohio Governor John Kasich says Ohioans can expect to see his plan for improving education in Ohio’s k through 12 schools by the end of this month. He says he and his staff have been working on it for months. And Kasich says he’s glad details of it are not being released to the press.
The state says Ohio schools are getting nearly $38 million in the first chunk of casino-tax revenue.
This is the first distribution to schools since casinos opened last year. The money is distributed on a per-pupil basis twice per year to more than 1,000 school districts and charter schools across Ohio. It works out to $20.93 for each of the roughly 1.8 million students.
The breakdown was announced Tuesday but the Ohio Department of Taxation. Schools receive 34 percent of the revenue, with 51 percent going to county government.
Legislative analysts say Ohio could replace all the property tax money that's going to school districts through a hike in the state sales tax.
But to raise the more than $9.9 billion that's needed, policymakers would need to more than double the sales tax rate - from 5.5 cents on the dollar to 13.2 cents. That's in part because the higher the tax goes the less consumers like to spend.
The Ohio Legislative Service Commission provided the estimate Wednesday to an Ohio House subcommittee that's studying school funding ideas.