We all have those people who say, ‘Well, back in my day…’ and then begin to tell you how it was in the good old days or the bad old days. We are working in a unique time and place in Oklahoma history; I believe we have probably seen more changes to budget allocations in the past three years than probably in any three-year period of history. This has truly been a wild ride and not in a fun way.
As of writing this article, we have just learned that the Senate budget is probably going to be the budget for FY 18 and that no one is happy. This budget brings a decline in the amount of State Aid, but we should continue to see improvement in the chargeables. As we move forward into the new fiscal year, it is very important that our budgets be specific and nailed down. This economic downturn is not over yet and could hold on.
The State Aid allocations for the coming year will be out in July, and as it always happens, the numbers will look much better than expected. A strong word of caution this year: fewer students are charged against the State Aid formula for the initial allocations than will be charged at mid-term. This gives the false impression that funding actually went up when it in fact decreased.