Effective: September 30, 2021
Latest Legislation: House Bill 110 - 134th General Assembly
(A) On or before May 15, 2007, and the fifteenth day of May in each calendar year thereafter, the tax commissioner shall determine for each school district whether the taxable value of all utility tangible personal property subject to taxation by the district in the preceding tax year was less than the taxable value of such property during the second preceding tax year. If any decrease exceeds ten per cent of the district's tangible personal property taxable value included in the total taxable value used in the district's state aid computation for the fiscal year that ends in the current calendar year, the tax commissioner shall certify all of the following to the department of education and the office of budget and management:
(1) The district's total taxable value for the preceding tax year;
(2) The change in taxes charged and payable on the district's total taxable value for the preceding tax year and the second preceding tax year;
(3) The taxable value of the utility tangible personal property decrease, which shall be considered a change in valuation;
(4) The change in taxes charged and payable on such change in taxable value calculated in the same manner as in division (A)(3) of section 3317.021 of the Revised Code.
(B) Upon receipt of a certification specified in this section, the department of education shall replace the three-year average valuations that were used in computing the district's state education aid for the fiscal year that ends in the current calendar year with the taxable value certified under division (A)(1) of this section and shall recompute the state education aid for such fiscal year without applying any funding limitations enacted by the general assembly to the computation, if applicable. The department shall pay to the district an amount equal to the lesser of the following:
(1) The positive difference between the district's state education aid prior to the recomputation under this section and the district's recomputed state education aid;
(2) The absolute value of the amount certified under division (A)(2) of this section.
The payment date shall be determined by the director of budget and management. The director shall select a payment date that is not earlier than the first day of June of the current fiscal year and not later than the thirty-first day of July of the following fiscal year. The department of education shall not pay the district under this section prior to approval by the director of budget and management to make that payment.
(C) If a school district received a grant from the catastrophic expenditures account pursuant to division (C) of section 3316.20 of the Revised Code on the basis of the same circumstances for which a recomputation is made under this section, the amount of the recomputation shall be reduced and transferred in accordance with division (C) of section 3316.20 of the Revised Code.
Last updated August 11, 2021 at 12:39 PM
Structure Ohio Revised Code
Title 33 | Education-Libraries
Chapter 3317 | Foundation Program
Section 3317.01 | School Foundation Program; Eligibility; Administration of Funds.
Section 3317.011 | City, Local, and Exempted Village School District Base Cost.
Section 3317.012 | Joint Vocational School District Base Cost.
Section 3317.013 | Special Education Program Multiples.
Section 3317.014 | Career-Tech Education Program Funding.
Section 3317.015 | Certification of Additional Information.
Section 3317.016 | Amounts for English Learners.
Section 3317.018 | Statewide Average Base Cost per Pupil.
Section 3317.019 | Temporary Transitional Aid.
Section 3317.0110 | Community and Stem School Base Cost.
Section 3317.02 | Definitions.
Section 3317.021 | Tax Commissioner Information for School Funding Computations.
Section 3317.023 | Adjustments to Amount Paid to District.
Section 3317.024 | Amounts Paid to School Districts and Schools for Certain Purposes.
Section 3317.025 | Recomputation Excluding Certain Property Where Value Is Disputed.
Section 3317.026 | Community or Stem School Unit Payment Amount.
Section 3317.028 | Recomputing Where Change in Taxable Value.
Section 3317.0210 | Adjusting for Taxes Uncollectable Due to Bankruptcy.
Section 3317.0211 | Adjusting for Uncollected Port Authority Taxes.
Section 3317.0212 | Transportation Payment.
Section 3317.0213 | Additional State Aid for Preschool Special Education Children.
Section 3317.0215 | Catastrophic Cost Pool.
Section 3317.0217 | Targeted Assistance Funding.
Section 3317.0218 | Supplemental Targeted Assistance Funding.
Section 3317.03 | Report of Average Daily Membership Figures and Additional Data.
Section 3317.031 | Membership Record for Each Pupil - Mandatory Compliance.
Section 3317.032 | Membership Record of Preschool Children With Disabilities.
Section 3317.034 | Enrollment Status.
Section 3317.035 | Annual Audits of Certified Membership - Other Information.
Section 3317.036 | Enrollment Reports.
Section 3317.037 | Attendance Records for Career-Technical Planning District.
Section 3317.05 | Calculating Payments of Approved Career-Technical Education Units.
Section 3317.051 | Calculation of Gifted Funding Units.
Section 3317.06 | Providing Materials to Nonpublic Schools.
Section 3317.061 | Annual Report on Teaching Staff.
Section 3317.062 | Use of Appropriations to Chartered Nonpublic Schools for Auxiliary Services.
Section 3317.063 | Reimbursing Nonpublic School for Mandated Service Costs.
Section 3317.064 | Auxiliary Services Mobile Unit Replacement and Repair Fund.
Section 3317.07 | Reassignment of School Buses.
Section 3317.071 | Bus Purchasing Grants.
Section 3317.072 | Transportation Collaboration Grants.
Section 3317.08 | Tuition for Nonresident Pupils.
Section 3317.081 | Computing Tuition.
Section 3317.082 | Tuition for Children in Care of Department of Youth Services.
Section 3317.09 | State and Federal Moneys to Account for and Coded - Annual Statistical Report.
Section 3317.10 | Certifying Number of Ohio Works First Children in District.
Section 3317.11 | Educational Service Center Funding.
Section 3317.12 | Salary Schedule and List of Job Classifications for Nonteaching School Employees.
Section 3317.13 | Minimum Salary Schedule for Teachers.
Section 3317.14 | Boards to Annually Adopt Teachers' Salary Schedule.
Section 3317.141 | Recipients of Race to the Top Program Grants.
Section 3317.15 | Children With Disabilities; Speech-Language Pathology and Psychological Services.
Section 3317.161 | Approval of Career-Technical Education Programs.
Section 3317.162 | Temporary Transitional Aid for Joint Vocational School Districts.
Section 3317.164 | Business Work-Based Learning Financial Incentives.
Section 3317.18 | Withholding Payments in Order to Pay Debt Charges on Securities.
Section 3317.20 | Calculation of Payment to County Dd Board.
Section 3317.201 | Payment to Institutions Providing Special Education Services.
Section 3317.23 | Enrollment in Dropout Prevention Recovery Program.
Section 3317.231 | Adoption of Rules.
Section 3317.24 | Enrollment in Program to Earn High School Diploma.
Section 3317.25 | Disadvantaged Pupil Impact Aid Spending.
Section 3317.30 | Payment for Services for Child in Juvenile Facility.
Section 3317.40 | Accountability for Funding.