The bill introduced by Senator Brenner aims to reform the school financing system in Ohio by establishing a new funding model that relies on a single statewide property tax and an increased state sales tax. This new system would provide a per-pupil funding payment to both public and chartered nonpublic schools, ensuring that funding is allocated based on the number of students enrolled rather than local tax levies.

To implement this new financing structure, the bill proposes to eliminate each school district's ability to levy property and income taxes, as well as to abolish existing state scholarship programs for primary and secondary students. The intent is to create a more equitable funding system that allows families to choose their preferred educational institutions while standardizing the financial support provided to schools across the state.