Ohio Finance Update
Discussions are heating up around a proposed constitutional amendment that would make access to a "high-quality education" a fundamental right, and give the Ohio Board of Education the power to determine the needed level of school funding to provide it. The plan would also provide partial property tax exemptions for the disabled and those over age 65 and would gradually reduce required levels of local education spending. In the two-year transition program, a 5% increase plus inflationary costs is required. Opponents of the amendment are estimating its cost to the state be at least $600.