Strickland’s Chicken Coop Math: $930,000,000 Loss in Slot Money = $2.3 Billion Loss for Schools
From Laura Bischoff…
$2.3 billion cut to schools possible, Strickland says
Without money from slot machines, Ohio may also lose federal stimulus funding for schools and see a $2.3 billion gaping hole in K-12 funding, the Strickland administration said Tuesday, Sept. 29.
Without special permission from the federal government to shift money around, Ohio may have to cut aid to districts by 10.3 percent in the current school year and 15.74 percent next school year, according to an analysis by the Ohio Department of Education.
I’ve never heard of this GAAP rule, where amounts are almost tripped for no reason other than that Gov. Strickland wants to.
And Strickland, as a big supporter of spending Federal dollars without regard for their attached mandates, will now have to ask the Federal government for “special permission.” Wonderful
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