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HB1846 and State Budget Updates

HB1846 and State Budget Updates

As we move to the halfway point of the legislative session we still don't know what's going to happen with the budget.

As we move to the halfway point of the legislative session we still don't know what's going to happen with the budget.  With a gross loss of $888,000,000 and probably a net loss of $700,000,000 this going to be tough. We do have projections built that were sent out with the March and April State Finance Report (email me if you did not receive it).  

We are watching one bill that is in the Senate that could affect some schools. As was reported by other groups, while HB 1846 was pulled this week, action to move it along could manifest a change in Gross Production distributions. The legislation would take distribution of Gross Production from the Tax Commission to the a fund distributed by the SDE that would require approval from the Oklahoma Tax Commission to a dedicated-revenue fund that would have to be approved by the Oklahoma Equalization Board and then dispersed by the SDE.   

Please look for the Chargeable Report soon and the April Finance Report by the 19th of April. If we can be of service please contact us.  

Andy Evans

Director, Finance

Andy serves as the Finance Director for OPSRC. In this role, he provides help in financial and business-related areas for schools. This includes budgets, managing cash flow, Estimate of Needs, federal programs and general service to aid in the effective use of district resources. Additionally, Andy serves as a resource in customizing budget spreadsheets, projection sheets, and other financial tools essential to administrators in maintaining their district’s financial health.

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