The state's new two-year budget brought no good news to Gahanna-Jefferson Public Schools or the city of Gahanna, financially speaking.

The state's new two-year budget brought no good news to Gahanna-Jefferson Public Schools or the city of Gahanna, financially speaking.

District treasurer Julio Valladares said the district would receive no additional state revenue in 2016, and he anticipates a decrease in funding in 2017.

He said he needs time to review the budget and calculate the funding formula before releasing details that he expects to provide during the August school board meeting.

"It looks like we are not getting any increase over the next two years," he said.

Valladares said he's disappointed concerning Gov. John Kasich's veto of the second year of tangible-personal-property-tax reimbursements in House Bill 64. "That will hurt districts," he said.

Gahanna assistant city administrator and finance director Jennifer Teal said she doesn't yet know the specific impact the state budget would have on the city, as it will take a careful review of the bill in its entirety, along with the multiple vetoes.

"We do anticipate reductions in the local government fund, which will result in further cuts to this source of revenue for the city," she said. "As the final impacts are known, the city will adjust its budget and service offerings accordingly."

The state budget went into effect with the start of the 2016 fiscal year Wednesday, July 1.