The resolution proposed by Senator Brenner seeks to amend the Ohio Constitution by enacting Section 12 of Article VIII, which would allow the state to issue bonds and other obligations to refund existing school district debts. This measure aims to alleviate the financial burden on school districts by waiving the requirement for them to levy property taxes for debt service starting in 2027. Additionally, it establishes a treasury fund dedicated exclusively to educational purposes, ensuring that funds raised through property taxes for education are used solely for that purpose.
The resolution stipulates that the proposed changes will be submitted to Ohio voters during the general election on November 3, 2026. For the provisions to take effect, a majority of voters must approve the levy of a property tax intended for funding primary and secondary education. If adopted, the new section would allow for the issuance of state obligations without being subject to certain constitutional limitations, thereby providing a mechanism for financial support to school districts while ensuring that educational funding remains a priority.