As we move into the new school year, it will be critical to monitor State Aid trends. As of 7/27/2020, State Aid calculation sheets have not been posted but comparison numbers have. There will be several different factors that affect State Aid during the coming year, and we will be monitoring them all.
Though we don’t yet have the actual calculation sheets for the state to put the chargeables into context, we do have FY19 and FY20's reported amounts to compare. As the chart below indicates, Oklahoma schools received $28,227,202.01 less in chargeable revenues between 2019 and 2020. We expect this trend to continue. The loss of chargeables will affect State Aid at some time during FY21.
The School Land Commission payments had an early July payment of $8,124,952.00 to state districts. If this had been received as in prior years, the net school land payment would've been $104,415,882.00 or $4,383,906.00 over the 2019 amount. This may indicate that the School Land Commission intends to maintain previous payment rates, and it may have simply been an administrative issue. We will inquire about this to determine the reasoning for the payment outside the normal fiscal year.
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It’s August, and I hope everyone is as excited for the new school year as I am. As we prepare, I wanted to let you know that we did something here at the OPSRC that everyone struggles with: we made a change.