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Madison County Democrat
London, Madison County, Ohio
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Ohio school districts received record $34.4 million in foundation funds last week per State Auditor James A. Rhodes, topping November's by $3 million; total payout $39.9 million including other allocations.
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In State Got Top
Money Last Week
COLUMBUS—School districts throughout Ohio received a record $34,419,195.35 in school foundation money this week according to State Auditor James A. Rhodes. It exceeded by nearly $3 million the quarter distribution made last November.
Total distribution of this school money however failed to equal the previous record of $34 million set in November. The allocation to teachers' retirement system accounted for practically all of the difference. Total distribution this quarter was $39,877,854.75. This represented a marked increase over the August payments which amounted to $34 million.
Here's the way the school funds were divided:
$34,419,195.35 to school districts;
$1,620,592.90 to county boards of education; $2,475,618.50 to retirement system and $1,362,448 to school employees retirement system.
The distribution to school districts was broken down as follows:
$16,318,900.79 to local school districts under the county system; $15,288,752.17 to city school districts, and $2,811,542.39 to exempted village school districts.
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Location
Ohio, Columbus
Event Date
Last Week
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School districts throughout Ohio received a record $34,419,195.35 in school foundation money this week, exceeding the quarter distribution made last November by nearly $3 million. Total distribution was $39,877,854.75, including $1,620,592.90 to county boards of education, $2,475,618.50 to retirement system, and $1,362,448 to school employees retirement system. The school districts allocation broke down as $16,318,900.79 to local school districts under the county system, $15,288,752.17 to city school districts, and $2,811,542.39 to exempted village school districts.