- Associated Press - Monday, April 20, 2015

COLUMBUS, Ohio (AP) - An Ohio House panel is moving to hold school districts harmless in the state’s upcoming two-year budget when it comes to two streams of tax revenue.

In changes being finalized Monday, the House Finance Committee restored cuts to the state’s tangible personal-property tax and kilowatt-hour tax contained in Gov. John Kasich’s (KAY’-sik’s) version of the two-year, $71.5 billion operating budget. Kasich’s budget redirected 75 percent of the property tax revenue to the state’s general revenue fund, causing cuts to school districts and local government funds.

House budget changes also make adjustments to Kasich’s school funding formula in order to address concerns among lawmakers that the equation reduced funding to districts in Republican-heavy rural and suburban areas.

A provision barring unionized charter school employees from collecting state pensions was also removed.



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