We will be seeing the first full-quarter numbers of Oklahoma’s new fiscal year over the next two weeks. One item that is extremely important is sales tax. If we project our sales tax out over the full twelve-month budget cycle, we would see a 1.32% under-collection. This is certainly nothing to write home about, but if it does play out, it would be a much better eventuality than to be in a revenue failure. This will be dependent on several different things coming true, the most singularly important one being the rise of petroleum prices.
If you follow the petroleum price melodrama, you will really feel like you are a cast member of “As the World Turns." There is more drama and innuendo in this particular market sector than just about any other market known to man. Hopefully, the price will go up and level out, but it is anyone’s guess on what day and year that will be. We are closely monitoring revenue trends, and we will report to you on our findings.
We are going to set a monthly newsletter that is based on the release of the Oklahoma Tax Commission reports for the month of payment and the year to date data. Our goal is to give you a more complete view of upcoming financial trends that will affect your district. We will also add in an additional report each quarter to allow you to have materials that are more long range in nature. We know your time is limited, so we will always begin with an executive summary for your convenience. If we can be of service, please feel free to contact me.
October marks the time each year when we bring attention to bullying prevention: how to identify, prevent and report it. It's important to have a specific month designated as National Bullying Prevention month, but bullying has become so rampant in our schools that it's a good idea to keep resources handy to educate students year-round on this harmful and serious problem.
As I write this today, we are exactly three hours and twenty eight minutes from the official deadline for the legislature to gavel session closed.
There are quite a few different projections about next year’s State Aid budget, and some of the projections are relatively positive. We have tried to substantiate any kind of positive news about a guaranteed budget deal that will hold education harmless, but as far as we can tell there is no guarantee that this will happen.
School districts often get caught in the middle of polarizing issues. The matter of transgender students and bathrooms has been one such example, generating a recent spate of lawsuits as opinions clashed and tempers flared.