Ohio

Ohio public school biennium budget for FY 2024 is estimated at $12.97 billion and FY 2025 $13.39 billion, representing a $1.32 billion or 11.4% increase over FY 2023. The General Relief Fund (GRF) portion of these appropriations is $10.60 billion in FY 2024 and $11 billion in FY 2025, an increase of $976.4 million, or 10.1%, in FY 2024, and another $379.2 million, or 3.6%, in FY 2025. Lottery appropriations exceed $1.5 billion in both fiscal years. State education spending in this biennium represents the largest commitment of state appropriations. Much of this money is distributed through a new foundation funding formula.