Akron Students to Benefit

School Funding Revamped
Posted on 07/01/2021
Image of APS LogoThree years of hard work has produced something for Ohio public school students, something of which Akron Public Schools CFO Ryan Pendleton can be proud.

The revamped school funding formula he had worked on with state legislators for the past three-plus years will be part of the state's biennial budget.

Ruled unconstitutional 20+ years ago by the Supreme Court of Ohio, school funding has received little attention until this recent endeavor started by Ohio representatives Robert Cupp and John Patterson. Akron stands to gain about $8 million over the next two years from the new formula.

Pendleton says the new formula has three distinct advantages over the current one. "It makes sense and lessens the burden to taxpayers," he said, "takes into account the needs of individual districts, and it is predictable in real time."

Akron's CFO added that the new plan helps, too, by extending the time between levy requests from school districts.

The formula is based on three parts: a base cost, state and local share, and categories of high-need students.

Because the budget is for two years at a time, the legislature opted to only guarantee the first two years (which has bi-partisan support) of the six-year plan -- that means, for now, only an extra $700 million in funding for education.

Learn more: businessjournaldaily.com/ohio-budget-to-include-k-12-school-funding-overhaul/
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