July 14, 2016 (Columbus) – The Ohio School Facilities Commission (OSFC) today approved nearly $360 million in state funding for school construction projects in 15 school districts across the Buckeye state. Combined with $592 million in local funding, these projects represent more than $950 million in construction work.
"This is a critical step in ensuring that our children are in new or renovated facilities that help support academic achievement," said OSFC Executive Director David Williamson. He went on to add that, “There is also a significant economic impact attached to today’s Commission action – the construction work generated by this project could translate into both job opportunities for local residents and increased purchases of goods and services from local businesses.”
The funding awards are contingent upon State Controlling Board approval. School districts must raise their local share of the project budget within 13 months before the state funding can be released. Districts that fail to acquire their funding in that period are considered “lapsed” but can still participate in OSFC programs once they obtain local funding. One (1) of the districts funded at the meeting – Clear Fork Valley Local (Richland County) was a district that had previously lapsed funding, but have since raised its local share.