More than half of Ohio school districts would see their state funding reduced under Gov. John Kasich’s new two-year budget, which also seeks to increase oversight of charter schools.
Kasich wants to pour another $700 million in state foundation funding into K-12 education over the next two years. But that funding is partially offset by a loss of $235 million in state reimbursements to schools for lost tangible personal-property taxes — a tax on business property and inventory that the state has eliminated.
Kasich wants to rework the school-funding formula to better incorporate a district’s ability to raise local revenue.
“We are really trying to say we are trying to help those who can’t help themselves,” Kasich said. “For those that can help themselves, we need you to step up and help.”
(Read more at the Dispatch)