🎰 Area schools to receive thousands in casino revenues
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Distributions - Casino Tax Quarterly Revenue by Fund School District distribution dates are semi-annual on or before January 31st and August 31st.
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A complex primer on the system of funding of Ohio's Public Education system Then in the state expanded the use of lottery profits to also include casinos.
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Distributions - Casino Tax Quarterly Revenue by Fund School District distribution dates are semi-annual on or before January 31st and August 31st.
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“The last time school districts got money from something like this, the Ohio Department of Education then reduced our funding because of it.
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Mike Sobul, a consultant for Public Finance Resources — whose Casino Revenue Estimate Update was sent to all of Ohio's school districts.
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Mike Sobul, a consultant for Public Finance Resources — whose Casino Revenue Estimate Update was sent to all of Ohio's school districts.
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Mike Sobul, a consultant for Public Finance Resources — whose Casino Revenue Estimate Update was sent to all of Ohio's school districts.
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Casino taxes not as bountiful as originally predicted. school districts in Southwest Ohio said their money goes into their general funds, too.
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Money is transferred from the Ohio Casino Tax Revenue Fund into separate funds -- 51 percent to the county fund; 34 percent to the schools.
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that they would be the magic bullet to cure all school funding woes. I was not living in Ohio when the state voters approved casino gambling.
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There are better ways to fund things. Sign up here. The results show the amount of money districts get will continue to grow by fiscal year when the Cincinnati casino will have been operating for a full year. Also on the horizon, is a new funding formula that could change the way schools are funded. Thank you for reading the Dayton Daily News and for supporting local journalism. Thank you for supporting in-depth local journalism with your subscription to the Dayton Daily News. Visitor Agreement Privacy Policy Contact.{/INSERTKEYS}{/PARAGRAPH} Well, no. All Classifieds Jobs Cars Homes. The Dayton Daily News calculated how much a sampling of Miami Valley districts could receive using the formula Sobul suggested. John Kasich is expected to unveil the new funding formula that could be in place for fiscal year Sobul, who also serves as treasurer for the Granville Exempted Village School District, worked for the Ohio Department of Taxation for 25 years before retiring 18 months ago as head of the forecasting and special projects unit. By Margo Rutledge Kissell. Despite the good news of receiving some additional revenue at a time when so many school budgets are tight, area school officials expressed frustration at not knowing what to expect. The state levies a 33 percent tax on adjusted gross gambling revenue, which is the amount left after winners are paid. The Department of Taxation, which is slated to make the first payment to schools, has not told school district officials how much revenue they will receive. Facebook Twitter. Ohio voters in amended the state constitution to allow casinos in Cleveland, Toledo, Columbus and Cincinnati. The casino tax revenue is expected to have a smaller impact on education than lottery revenue, which has never been sent directly to districts but is built into the state aid districts receive. Subscribers: log in for access to your daily ePaper and premium newsletters. Jefferson Twp. {PARAGRAPH}{INSERTKEYS}Miami Valley school districts collectively stand to receive millions in annual tax revenue from casino profits when they begin receiving their share in January. Get more news when you want it with email newsletters just for subscribers. Forecast by Meteorologist.