The Loveland City School District will see a 1.82% reduction of $1,010,855 amounting to $277 less per student.*

Loveland, Ohio – Ohio Governor Mike DeWine has announced budget cuts to balance the State budget.

Due to the economic impact of COVID-19, Governor DeWine said that $775 million in reductions to Ohio’s General Revenue Fund are needed for the remainder of the Fiscal Year 2020 which ends on June 30.

At the end of February and prior to the onset of the COVID-19 pandemic, state revenues for the fiscal year were ahead of estimates by over $200 million according to a statement put out by DeWine. It continued by saying, that by the end of April, Ohio’s revenues were below the budgeted estimates by $776.9 million.

DeWine said that Ohio is mandated to balance its budget each year, and in addition to identifying areas of savings, the following budget reductions will be made for the next two months:

  • Medicaid – $210 million
  • K12 Foundation Payment Reduction – $300 million
  • Other Education Budget Line Items – $55 million
  • Higher Education – $110 million
  • All Other Agencies – $100 million

“Decisions like these are extremely difficult, but they are decisions that are part of my responsibility, as your governor, to make,” said Governor DeWine. “We believe that instituting these cuts now will provide the most stability moving forward, however I am greatly concerned about the cuts we must make in education. We have an obligation to our schools to give them as much predictability as we can, but if we don’t make these cuts now, future cuts would be more dramatic.”

The budget reductions are in addition to Governor DeWine’s March 23 directive to freeze hiring, new contracts, pay increases, and promotions at all state agencies, boards, and commissions.

Money to balance the Fiscal Year 2020 budget will not be drawn from Ohio’s Budget Stabilization Fund, otherwise known as the “rainy-day fund.”

“I know that I have said that ‘it’s raining,’ but we do not want to tap into the rainy-day fund yet,” said Governor DeWine. “The ‘rain’ is not a passing spring shower – it could be a long, cold, lingering storm, and we should not use the fund until it is necessary.”

The Loveland City School District will see a 1.82% reduction of $1,010,855 amounting to $277 less per student.

Cleveland.com has reported a breakdown for each Ohio District and you can read the data HERE. to see how other local Districts are affected. “The statewide cut amounts to 3.7% of original base funding to school districts. This is separate from money the districts raise from local property taxes.”

* After attempts to get answers (at press time) from Loveland Treasurer Kevin Hawley to Loveland Magazine’s questions about the reductions and the accuracy of the Cleveland.com data as it pertains to Loveland we cannot yet verify these numbers. (Edited 12:48 PM 5/13/2020)

 

  • Loveland will receive $1,010,855 less
  • Lakota will receive $3,428,888 less
  • Goshen will receive $373,221 less
  • Milford will receive $1,243,819 less
  • West Clermont will receive $1,689,576 less
  • Indian Hill will receive $621,835 less
  • Madeira will receive $404,141 less
  • Mariemont will receive $422,157 less
  • Sycamore will receive $1,606,934 less
  • Kings will receive $875,595 less
  • Lebanon will receive $1,123,097 less
  • Little Miami will receive $1,121,756 less
  • Mason will receive  $2,132,777 less