I have always been a bit confused with the school levies and why they are needed.
Just peeking at the gaming commission and lottery.
In 2024 "A record $1.51 billion in lottery profits was handed over to the Lottery Profits Education Fund, which supports K-12, vocational and special education programs in Ohio, nearly $50 million more than last year."
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Author: Clay Gordon
Published: 6:42 PM EST February 15, 2024
Updated: 6:45 PM EST February 15, 2024
OHIO, USA — More than $7.6 billion was wagered on sports gambling since it became legal in Ohio just over a year ago. Although bets were instant, state services didn’t see money for months.
Numbers released this month show that
Ohio made $935 million in taxable revenue during the first year of legal sports betting. Lawmakers earmarked 98%, or $193.8 million, of that for schools and the state’s five scholarships.
That money started hitting school bank accounts in September, combined with dollars from the state’s general funds and the lottery. 10 Investigates followed the money and discovered that Columbus City Schools is receiving $197 million in total state support.
CCS is the largest school system in the state but receives the third most funding. Cleveland Metropolitan School District was allotted $332.2 million for fiscal year 2024, while Toledo Public Schools receives $208.6 million.
Other school systems in the Columbus area are receiving millions in funding, which is also a combination of gambling money and general funds:
· Pickerington: $63.6 million
· Hilliard: $54.4 million
· Reynoldsburg: $52.2 million
· Westerville: $43.6 million
· Newark: $41.9 million
· Groveport-Madison: $40.7 million
· Olentangy: $36.9 million
Why the disparity? Well, Cleveland and Toledo gamble more than Columbus. Each casino is taxed on revenue not profits and that seems to show in the distribution of weatlth. Dayton area? they have higher payouts than Toldeo but less revenue...
Since casinos were legalized over $1 BILLION dollars have been distributed to "school districts"
Here is a link to the Clark Shawnee Audit from 2023. Though I am a bit leery of a state agency performing audits of state funded funded schools. I question the monies provided to CS through the lottery and gaming commission. I am not an accountant and do struggle to understand the complexities of money and investments but where is the portion of the gambling revenues applied in this audit? More so, why is there a need for a school levy or an income tax?
Finally, the gaming commission, casinos, since 2012, has amassed $1.2B for education. What was/is CS cut of this pork?