When Governor Kasich introduced his first two-year budget, Innovation Ohio released district-by-district data on the true impacts of the plan. This provided a full accounting of funding reduction that districts would experience as a result of the choice not to replace federal stimulus dollars and to phase out payments to districts made since local tax revenues were eliminated.
Now, with the introduction of the budget for fiscal years 2014 and 2015, we reprise our analysis, looking at the combined 4-year impact of state funding changes on districts. Even with additional funds flowing to schools in this budget, it does not make up for the cuts in the last.
As a result, school districts will have $416 million less than they did prior to the Governor’s two budgets. Eliminating the guarantee money in the FY14-15 budget effectively makes permanent the massive cuts ($1.8 billion) in the Governor’s previous budget, and requires many poor districts to pass double-digit property tax levies to make up the difference.
Spreadsheets (zoom in with your PDF reader to view):
We will post new spreadsheets when details are available of House changes to the plan, expected in mid-April.