By Will Sanders
March 14, 2014
By Will E Sanders
PIQUA — Disbursement of Ohio School Facilities Commission funding keeps rolling in for two area school districts currently undergoing large scale facilities construction projects.
This week funding disbursement cycles for school districts around the state came around and as a result a new wave of state funding will soon be provided to two area school districts, the Piqua City School District and the Covington Exempted Village School District, in continued support of both districts’ construction projects.
The money is not additional funding, school officials said, but the funding released through the OSFC for new school construction is released in increments.
State Rep. Richard Adams (R-Troy) made the announcement this week that the State Controlling Board approved the release of the funding to the Piqua and Covington school districts in support of new schools that are being constructed in both districts.
“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,” Adams stated. “This partnership of state and local entities is an outstanding investment in current and future students.”
The most recent incremental release of funding for the Piqua disbursement totaled more than $6.51 million. The combined funding the Piqua school district will be receiving is $25 million, or 47 percent of the total cost of the construction projects.
The funding will be used to assist the district with its current construction of three new school buildings, which consist of two elementary schools and one intermediate school.
“We are happy to hear that the funding for our project has been continued as promised and we are excited about the opportunities our new facilities will bring to the students of Piqua City Schools,” said District Treasurer Jeremie Hittle.
Meanwhile, the incremental release of $1.17 million was also released to the Covington school district this week for that district’s OSFC construction project.
The OSFC requested the release of a total of $130 million this week for school districts like Piqua and Covington that are currently undergoing such construction projects. The funding was derived from licensing fees from the Ohio Lottery video lottery terminals, according to the Ohio Office of Budget and Management.
Will E Sanders may be reached at 773-2721 or on Twitter @TheDailyCall.