Ohio

Abstract

Primary and secondary education Ohio public school funding for FY2022 and FY2023 is estimated at $11.4 billion in FY2022, the first year of the state’s biennium budget (a $518.7 million increase), and is estimated at $11.65 billion in FY2023, the second year of the state budget (a $255.6 million increase), representing approximately $1.3 billion in new state spending during the biennium. The General elief Fund (GRF) portion of these appropriations is $8.27 billion in FY2022 and $8.45 billion in FY2023. This represents growth of $389.9 million, or 4.9%, in FY2022, and another $175.5 million, or 2.1%, in FY2023. Lottery appropriations exceed $1.3 billion in both fiscal years. State education spending in this biennium represents the largest commitment of state appropriations. Much of this money is distributed through a new foundation funding formula.