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Senate witnesses urge full phase‑in of Fair School Funding, warn against 30% cash‑balance cap
Summary
Consultants, treasurers and superintendents told the Senate Education Committee that House Bill 96 proposals to alter the Fair School Funding Plan and impose a 30% cash‑balance cap would destabilize many districts' finances and could trigger levy burdens and credit downgrades.
Ohio's Senate Education Committee heard sustained criticism Tuesday of House Bill 96 proposals that would slow or alter implementation of the state's Fair School Funding Plan and create a 30% cash‑balance cap for school districts.
Howard Fleeter, a consultant to the Ohio Education Policy Institute, told the committee the cap and partial updates in the governor's proposal together risked destabilizing district budgets statewide. "In the more than 30 years I've spent researching and analyzing school finance in Ohio, this is the single most problematic policy proposal that I've ever seen," Fleeter said, citing…
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