Revenue Breakdown between State and Local

The Licking Heights Local School District’s general operating fund received 34% of its receipts from the State and 66% of its receipts from local sources. The state legislature approved a biennial budget for fiscal year 2014 & 2015 as part of House Bill 59 that enacted a new school funding formula; however, the funding formula capped district growth at 6.5% and 10.5% for fiscal year 2014 and 2015, respectively. The district had a slight increase in state aid in FY14 and FY15 but actual funding levels were restricted by the cap. We do not know what the funding will include beyond FY15.