Bill > SB376

Here is a summary of the key provisions of this bill in plain language: This bill creates a new school financing system for fiscal year 2022 and each fiscal year thereafter. The main elements are: - It establishes a new base cost formula to determine the amount of funding for each school district, community school, and STEM school. This formula takes into account factors like student enrollment, special education needs, economically disadvantaged students, and career-technical education. - It provides temporary transitional aid to school districts to help smooth the transition to the new funding system. - It makes changes to the way career-technical education, special education, gifted education, and English learner funding are calculated and distributed. - It creates a school funding oversight commission to monitor the implementation of the new funding system and make recommendations for improvements. - It requires various studies and reports on topics like the costs of special education, the funding and services provided by educational service centers, and the costs of educating students in internet- or computer-based community schools. - It adjusts the transportation funding formula and creates a new grant program to encourage shared transportation services between districts. The bill aims to establish a more equitable and student-centered school funding system in Ohio.

Budget and Finance

https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA133-SB-376