State Revenue Cuts


The Rocky River City School District will lose $3.5 million in funds from the state over the next four years.




The state budget calls for SB3/Electric Deregulation/KwH reimbursements to be phased out immediately for the RRCSD.  This is a loss of $767,020 to our District over four years.





In the new state budget, the Tangible Personal Property Tax reimbursement will be phased out on a much shorter timeline than what current Ohio law requires.  This is a loss of $2,698,888 to our District over four year versus our current projections.


 



The state continues to reduce the amount of funds allotted to the Rocky River City School District through the State Foundation.