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.
A collection of Oklahoma education-related news of the week.
If you’re spending any of your summer time to learn and develop new skills, I have some excellent news for you! We have a new free course available courtesy of Odysseyware. I had the pleasure of being part of the Odysseyware Advisory Council this past year. It was a great experience, and I was so happy to be able to share feedback from our member schools with their team.
Happy 2016!! As I welcome in the new year, I always begin the “cleanse”–going through closets and chunking items I no longer want or that fit, ridding the kitchen cabinets of expired food and actually wiping off the refrigerator shelves (can finally see them after all of the holiday food is out). I know for many this is a time of the 21-day “diet-cleanse,” renewed gym memberships and even the 21-day “financial cleanse.”