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Budget debate: lawmakers hear warnings that a 30% cash‑balance cap and incomplete FSFP funding would destabilize districts
Summary
Experts and school finance officials warned the Senate Education Committee that a proposed 30% limit on district cash balances and changes to the Fair School Funding Plan could force rollbacks, downgrade bond ratings and push many districts toward fiscal watch.
School finance experts and local officials told the Senate Education Committee that the House budget’s proposed 30% cash‑balance cap (a limit on district carryover) and certain changes to the Fair School Funding Plan (FSFP) would create financial instability across Ohio school districts.
Howard Fleeter, consultant to OEPI, told the committee the cap was “the single most problematic policy proposal” he had seen in three decades of school‑finance work. Fleeter said 478 districts exceed a 30% threshold and that nearly $3.73 billion could be at risk…
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