ODE ODE School Finance and Funding

Question 1

What is the primary state funding formula used in Ohio to distribute education funds to school districts?

Accepted Answer

Fair School Funding Plan (FSFP)

Answer

Ohio Foundation Formula

Answer

Ohio Weighted Student Funding Model

Answer

Ohio Education Block Grant Formula

Question 2

Which local revenue source provides the largest share of school district funding in most Ohio districts?

Accepted Answer

Property taxes (real estate and public utility)

Answer

Local income taxes

Answer

School district sales taxes

Answer

Casino revenue distributions

Question 3

What is an Ohio school district 'levy' in the context of school finance?

Accepted Answer

A voter-approved local tax to generate additional revenue for school operations or capital needs

Answer

A state fine imposed on a district for failing to meet academic standards

Answer

A federal grant awarded to high-need districts

Answer

A transfer of funds from a wealthier district to a poorer one

Question 4

Under the Fair School Funding Plan, what does the 'base cost' represent?

Accepted Answer

The calculated per-pupil cost of providing an adequate education, based on resource modeling

Answer

The minimum amount required to fund a student's special education services

Answer

The average state expenditure per student across all Ohio districts

Answer

The fixed dollar amount the state contributes per pupil regardless of district wealth

Question 5

What is the purpose of Ohio's 'charge-off' provision in school funding?

Accepted Answer

It reduces state aid to wealthier districts that can generate more local revenue

Answer

It removes funding from districts that fail state audits

Answer

It penalizes districts with low attendance rates

Answer

It withholds funds from districts not meeting graduation benchmarks

Question 6

Which state agency is responsible for auditing Ohio school district finances?

Accepted Answer

Ohio Auditor of State

Answer

Ohio Department of Education (ODE)

Answer

Ohio Department of Taxation

Answer

Ohio Office of Budget and Management