Tuesday, March 15, 2011

The Kasich Budget

From the Dispatch:
Local governments would see a cut of 25 percent per year and state colleges and universities would be limited to 3.5 percent tuition increases under Gov. John Kasich's new two-year budget.
That move would cost counties, municipalities and townships $167.1 million the first year including an estimated $5 million for Columbus and $388.2 million starting in the second year, when the full 50 percent reduction would take effect.
also:
About 400 school districts are expected to see increases in state-generated funding. Kasich said aid to both K-12 and higher education "slightly increases" in his budget. The increases in state aid amount to $170 million for K-12 schools, $62 million for higher education, said Budget Director Tim Keen.

However, it doesn't appear that schools will see an overall funding increase because of the loss of $875 million in federal stimulus money they got for operations that is built into the current two-year budget.
Taking into consideration all funds for K-12, funding in 2012 would decrease 11.5 percent and go down 4.9 percent in 2013. Basic aid would drop by about $1.3 billion over two years: 12.2 percent the first year, 7.6 percent in the second.
At least we got that final 4% tax cut, and in privatization:
The budget includes $1.4 billion in Medicaid reductions, health care provider cuts, a lease of the state's liquor sales operation and the selling of five prisons, which will be privately operated.
The prison sale would bring in an estimated $200 million for the state, plus a biennial savings calculated at $27 million in operating costs because two state-operated institutions will be turned over to private operators.
This will be interesting.

Update: The actual budget document is here

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