Shaker Heights schools will soon receive more than $112,000 in taxes from the state’s new casinos.
Figures for this first set of payments were released earlier this week. The Plain Dealer reports that the state is passing out more than $37.9 million in casino taxes to schools and districts across Ohio. Schools will receive their payments—based on enrollment—in January and August each year.
School spokesperson Peggy Caldwell said that, while the money is "nothing to scoff at," "... it goes only a very small way in replacing the $8 million in lost state revenue over the biennium."
She added that, according to district treasurer Bryan Chrsitman, cuts made beginning in the 2011-2012 school year will add up to $21 million in lost revenue over seven years.
Check out the Plain Dealer article for more information on how the casino taxes are divided between schools, cities and more.
The Shaker Heights City School District will receive about $112,437, according to information on the Ohio Department of Taxation's website. Cuyahoga County schools, including charter schools, will receive about $3,648,751 total.