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's Fair School Funding Plan (FSFP), enacted in 2021, is the primary formula used to distribute state education funds to districts based on cost-based calculations.

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

Property taxes, including real estate and public utility taxes, are the primary source of local revenue for most Ohio school districts.

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 school levy is a voter-approved local property tax that generates additional revenue for a district's operating expenses or capital improvements.

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 base cost under Ohio's FSFP represents the per-pupil cost of an adequate education, calculated through a resource-based cost model.

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

The charge-off provision reduces state aid to property-wealthy districts because they are expected to generate more local revenue to fund their schools.

(ODE) Ohio Department of Education Practice Test

(ODE) Ohio Department of Education Practice Test

ODE ODE School Finance and Funding