NO

More money does not necessarily mean better education. A 2014 Cato Institute study showed Ohio SAT scores did not improve from 1972 to 2012 despite increasing inflation-adjusted spending per pupil by 150%. Similarly, statistical analysis of 2019 Ohio Department of Education public school district data show no correlation between spending and performance after correcting for student demographic factors such as, % disadvantaged students and % students with disabilities. In fact, demographic factors account for over 78% of the performance index score variance among Ohio public school districts. Other studies, summarized by Professor Bruce Baker, purport to contradict this conclusion but the quantified results are limited to showing some positive impact of increasing spending to reduce class size and/or increase teacher pay, primarily in poorer school districts where both were seriously deficient. Neither is seriously deficient in Loveland, so these results are not applicable.

In summary, budget cuts in a school district like Loveland are highly unlikely to adversely affect educational outcomes.