New School Funding Formula
•
Governor proposed funding formula
•
House made changes to original proposal
•
Senate made further adjustments
•
Conference Committee – compromise between the two
versions
•
Final version
•
$830.8 million additional foundation formula funding
and TPP Replacement over the biennium as compared
to the FY 2012-13 biennium**
•
$607 million less than FY 2010-11 biennium**
**
Comparisons provided by Dr. Howard Fleeter, Consultant for
Education Tax Policy Institute using Ohio Legislative Service
Commission data
