Cleveland Heights-University Heights schools will soon receive nearly $120,000 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.
“We have been aware that some amount of money was to come to districts from casino proceeds, and are pleased to see that become a reality," wrote Cleveland Heights-University Heights Schools Chief Financial Officer Scott Gainer. "With school funding from the State being reviewed currently, we are hopeful that in the future these dollars won’t get lost in the overall amounts coming to schools as lottery proceeds did.”
Check out the Plain Dealer article for more information on how the casino taxes are divided between schools, cities and more.
The Cleveland Heights-University Heights School District will receive about $119,799, according to information on the Ohio Department of Taxation's website. Cuyahoga County schools, including charter schools, will receive about $3,648,751 total.