Update on FY2021 State Foundation Funding Payments/Subsidy Payments
Last Friday, Governor DeWine signed an executive order that formalizes the budget reductions for FY2021. We are pleased to report that the cuts to the Department of Education’s budget are not as significant as the cuts in FY2020. This means schools will receive funding at levels above what they have expected for this fiscal year.
- The Governor’s executive order releases $152 million in funding back to traditional school districts. This lowers the reduction to the state foundation funding formula from $277.2 million ($300.5 million in the Governor’s FY20 Executive Ordered Budget Reductions less the $23.3 million in offset payment under Section 19 of HB 164) to $125.2 million. A district-by-district spreadsheet containing the revised FY21 reductions can be found here.
- The opportunity grant amount will increase from $5,931.24 to $5,979.92 for Community Schools and Independent STEM schools. This is a revised reduction of $40.08 per pupil, compared to the $88.76 per pupil reduction executed in FY20.
- Non-public schools will see a combined $4.9 million increase in their FY2021 non-public administrative cost reimbursement payments and Auxiliary Services payments.
- The Department will fully fund the half-mill maintenance equalization payment scheduled for June, 2021.
- Additional funding will be released to support the 22+ Adult Diploma program.
Revised funding levels for all entities will be reflected in February foundation/subsidy payments. For questions, please contact schoolfunding@education.ohio.gov
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