Last week's Oklahoma State Board of Equalization meeting included a helpful flowchart that showed how revenues are collected in Oklahoma and their disbursement path to various entities. OMES created this particular flow chart and sent us a copy so that you could actually see how the revenue moves within the state. There were some interesting facts that we can glean from this flowchart.
1. The Oklahoma Tax Commission plans to collect $9,810,859,307.00.
2. The state pays out $782,000,000 in off-the-top revenue.
3. The state apportions out $2,900,000,000.
4. The state General Fund then receives $6,500,000,000.
5. The state pays out $651,000,000 for roads and OHLAP.
6. This leaves a net of $5,854,386,815.00 in the state General Fund for overall disbursement.
7. This will leave approximately $349,000,000 to go into the Rainy Day Fund.
Another valuable service to member districts: school bond support.
How to use intelligent home assistants in the classroom. I don't know if you're as obsessed with gadgets and technology as I am, but sometimes I stop and think I'm living in the future. Give me a flying car, and I could be George Jetson himself!
A collection of Oklahoma education-related news of the week.
Click on this link, 2015 calendar, to explore upcoming OPSRC professional development opportunities