ELYRIA — Lorain County’s school districts will split about $1.26 million in casino revenue, according to figures released by the Ohio Department of Taxation this week.
School districts across the state receive payouts twice a year in money generated by the four casinos in Ohio.
The largest winner in the county is Lorain Schools, which will receive $170,086, according to the figures.
Lorain Schools Superintendent Tom Tucker said that’s a tiny portion of the district’s roughly $90 million budget for the year, but he’s happy for any extra money.
“I wish it was more, but I’ll take whatever we can get,” he said.
With a payout of $168,835, Elyria Schools received only slightly less than Lorain.
Amy Higgins, spokeswoman for Elyria Schools, said that the state had told the district that it could expect to receive $71 per each of its approximately 6,800 students this year.
That works out to forecasted casino revenue of $482,800 for the year and means that the district didn’t receive as much money as it had budgeted for.
“They didn’t meet their forecast,” Higgins said, but added that the school district revises its revenue projections twice a year to take into account unexpected expenses or lower revenues.
Every school district in the county as well as charter schools will receive some money under the formula.
The school districts aren’t alone in receiving funding from casino revenue. The county’s general fund will take in $914,878 in the first of four payments scheduled for the year.
County Commissioner Ted Kalo said that figure is in line with the county’s projection that it will receive between $3.5 million and $3.6 million from casino revenue this year.
“I think this is where we’re going to end up,” he said.
The commissioners have said they might have to make cuts later in the year depending on how much money they get from the state, the casino, sales taxes and other revenue sources.
Commissioner Tom Williams said it’s still too early to say how the casino revenue will end the year.
“I think we have to wait and see what the second quarter is going to come out with to know if it’s good news or bad news,” he said. “It’s a little low, but it’s not alarming.”
The county received a little more than $3.4 million last year.
Contact Brad Dicken at 329-7147 or firstname.lastname@example.org.
SCHOOLS’ CASINO REVENUE
- Amherst $102,813
- Avon $109,818
- Avon Lake $97,203
- Clearview $45,823
- Columbia $23,333
- Elyria $168,835
- Firelands $38,080
- Keystone $43,927
- Lorain $170,086
- Midview $79,769
- North Ridgeville $106,421
- Oberlin $25,913
- Sheff-Sheff Lake $46,929
- Vermilion $52,778
- Wellington $31,576
SOURCE: Ohio Department of Taxation