Ohio Governor Strickland’s K-12 Finance Proposal

Seth Roy & Kent Mallett:

At least one local school administrator is encouraged by Gov. Ted Strickland’s education plan unveiled during Wednesday’s State of the State address.
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The plan includes the elimination of phantom revenue and a new conversion-levy option that would allow tax revenue to grow with inflation, Newark City Schools Superintendent Keith Richards said.
“House Bill 920 has been one of my pet peeves since I’ve become an administrator,” he said of the 1976 bill that freezes levy revenues at the amount of money they’re originally passed for. “I believe conversion is the way schools should be funded.”
The other funding portion Strickland addressed — the phantom revenue — means that the state will fund districts at the 20-mill floor, instead of funding them as if they were taxing at 23 mills.
Those funding ideas, however, didn’t hold weight with state Rep. Jay Hottinger, R-Newark, who said the solution was nowhere to be found.
“There was no new formula, no significant change. I’m flabbergasted and really underwhelmed,” he said.