State Representative Richard Adams (R-Troy) has announced that the State Controlling Board approved the release of funding for Piqua City School District and Covington Exempted Village School District in support of various school district projects.
The Ohio School Facilities Commission requested the release of a total of $130 million, which derives from the licensing fees for the Ohio Lottery video lottery terminals, according to documents from the Office of Budget and Management. Funding will be used to provide the state share of basic project costs to those school districts receiving approval from the School Facilities Commission.
“As a result of state funds administered by the Ohio School Facilities Commission and local finances, school districts have been able to replace or add school buildings to meet the requirements of a good instructional environment. This partnership of state and local entities is an outstanding investment in current and future students,” Representative Adams said.
House Bill 482 of the 129th General Assembly provided for the School Facilities Commission to receive a total of $250 million through the Lottery Profits Education Fund for use in the Classroom Facilities Assistance Program.