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Broken Promises: Solon School Funding and the Impact of H.B. 66 on Local Communities

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This document highlights the consequences of H.B. 66 on Solon and Glenwillow funding, revealing how the promised $11 million TPP ( tangible personal property) aid and reimbursements have diminished over the years. Since 2004, the state has phased out key reimbursements, resulting in reduced state aid by over 50% in FY11. This has significant implications for local homeowners and businesses, particularly in relation to property taxes and educational funding. The text examines the fallout from these funding changes and the broader impact on community resources.

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Broken Promises: Solon School Funding and the Impact of H.B. 66 on Local Communities

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Presentation Transcript

  1. TPPPROMISE BROKEN IN PICTURES

  2. SOLON SCHOOL FUNDING BEFORE THE H.B. 66 PROMISE2004 $11 Million TPP TPP TAX SOLON & GLENWILLOW BUSINESSES $ STATE AID PROPERTY TAX SOLON & GLENWILLOW HOMEOWNERS & BUSINESS $ LOCAL PROPERTY TAX LOCAL PROPERTY TAX BASIC STATE AID OHIO $

  3. SOLON SCHOOL FUNDING THE H.B. 66 PROMISESTATE COLLECTS THE CAT & REIMBURSES SCHOOLS2005-TODAY OHIO CAT REIMBURSEMENT CAPPED AT 2004 RATE $11 Million CAT $ CAT TAX SOLON & GLENWILLOW BUSINESSES $ STATE AID PROPERTY TAX SOLON & GLENWILLOW HOMEOWNERS & BUSINESS $ LOCAL PROPERTY TAX BASIC STATE AID OHIO $

  4. SOLON SCHOOL FUNDING THE PROMISE BROKENSTATE PHASES OUT TPP REIMBURSEMENTS2011-2020 $0 $11 Million RETURN TO SOLON SCHOOLS CAT TAX SOLON & GLENWILLOW BUSINESSES $ STATE AID REDUCED >50% IN FY11 BUDGET PROPERTY TAX SOLON & GLENWILLOW HOMEOWNERS & BUSINESS $ LOCAL PROPERTY TAX STATE USURPS SOLON TPP REIMBURSEMENTS FROM CAT TAX TO BALANCE BUDGET BASIC STATE AID OHIO $

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