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Lawmakers pushing revamped plan to overhaul Ohio’s school-funding formula by end of year

The Columbus Dispatch and |

A bipartisan group of state lawmakers on Friday unveiled an overhaul of Ohio’s school-funding system that would provide another $1.99 billion per year which would be about a 24% increase to K-12 schools when fully implemented.

The legislation would establishes an annual per-pupil “base cost” for a typical student and operational costs for a traditional school district. Additional funding for students with disabilities, those identified as economically disadvantaged, English-language learners and gifted students would be calculated into the funding.

HB 305 and SB 376 will calculate a district’s wealth by considering property values and residents’ incomes to determine its ability to come up with its share of funding. And changes in enrollment, property values and residents’ wealth will only affect the district, not other districts. Currently, a change in Akron can affect students in Dayton, Sobul said.

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