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Fair School Funding

Updated 7-8-2021

The Fair School Funding Plan has been adopted by the state in the current biennium budget.  Specific components of the plan can be found here:  Ohio Fair School Funding

The Ohio Department of Education (ODE) is tasked with developing new funding reports that explain funding model allocations.  New funding reports will demonstrate changes in base funding, direct funding of students where enrolled and the application of current statistics.  Funding reports issued by ODE will incur progressive updates throughout July, August and September to include the components of the Fair School Funding Plan.  FY22 actual funding allocations will not be available until the October or November reports.  ODE funding reports can be found here:  Traditional School Districts Funding.  The results of the funding model will be included in the 2021 fall update of the five-year forecast.    

 

Updated  6-30-2021

What is the status of the latest state biennium budget?
Governor DeWine prepares to sign the latest biennium budget in the next few days. This biennium budget includes significant changes to school funding with the inclusion of the Fair School Funding Plan (FSFP). Representatives Cupp and Patterson led a work group comprised of superintendents, treasurers, and economists that developed this plan during the past several years. Senators Sykes and Lehner supported the plan through the most recent legislative efforts to include the plan in the 2022-2023 biennium budget. Specific components of the plan can be found here: Ohio Fair School Funding. 

What does the FSFP mean for Olentangy’s financial future?
If approved by Governor DeWine, estimates indicate that Olentangy will receive an additional $3.5 million in each of the next two fiscal years. This  would provide the district with revenue for an additional four to five days of operations each year. Additionally, the district would no longer incur reductions for the Jon Peterson or Autism scholarships. The state would fund students where they are educated. This direct funding methodology would save the district approximately $1.5 million in annual deductions.

Why doesn’t the plan provide more funding if the funding formula was ‘fixed’?
Legislators were unwilling to support the funding of this model beyond the 2022-2023 biennium budget. The funding estimates represent the first two years of a six-year implementation as presented by the House.

We anticipate having more specifics on the outcomes of the new funding formula in the weeks to come. Updates will be provided as they become available.

Updated 4-12-2021

The District held a  School Funding Virtual Public Forum March 22 featuring Senator Andrew Brenner, State Reps. Rick Carfagna and Kris Jordan, as well as District Superintendent Mark Raiff and District Treasurer Emily Hatfield. The group discussed  the state's current school funding status as well as an update on the status of the Fair State Funding Plan. 

School Funding Virtual Public Forum Q&A


Updated 11-6-2020

Senators Peggy Lehner and Vernon Sykes introduce SB 376, a companion bill to substitute HB 305- the Fair School Funding Plan.  The Senate bill and substitute HB 305 are identical, thus allowing for hearings to occur simultaneously in both the House and Senate. 

Testimony in both legislative branches are expected to begin in the next week or two.  Hearings may be viewed on www.ohiochannel.org

Additional information regarding the details of the Fair School Funding Plan are available at https://sites.google.com/view/ohiofairschoolfunding.

We encourage you to contact your legislators regarding this very important matter.  Your legislators may be found at http://webapp2.ode.state.oh.us/legislator/search/.


One of the most critical factors in Olentangy Schools’ continued success is the ability to receive fair funding from the state. All residents are strongly encouraged to learn more about how the state funds our schools, specifically Olentangy. The two links below outline the State of Ohio’s budget process and a recent proposal to change how the state funds schools.