The Ohio Education Association has expressed great disappointment in Governor Kasich’s decision to veto the Tangible Personal Property (TPP) provision. The TPP supplemental foundation aid in FY 2017 was intended to guarantee that districts do not receive less funding (state foundation aid and TPP replacement) than FY 2015 levels. This veto reduces approximately $78.3 million in FY 2017 for nearly 100 districts that are reliant on theses TPP replacement payments – most of them higher-wealth districts.
Legislators sent the governor a budget that included $955 million more in basic state aid for K-12 schools than the last two-year period. But Kasich’s pen stroke – that sealed vetoes on 44 items within the $71 billion budget – cut public school funding by a total of $84 million. Read more here. Read about the state budget here.