One of the great concerns we have as we are less than a week away from the November election is what effect will we see on state education revenues. I am often asked what my crystal ball shows when we talk about the potential effect of various revenue sources on school budgets. I believe it is important to take time to look at the factors that affect our long- term data points.
Let’s start with the oil breakevens by shale play. The first graph was produced in November 2017, and the second graph was produced in September 2018. The two graphs show an interesting phenomenon that we can probably expect to see manifest itself over the next ten years. What we see here is:
1. Three out of the five lowest cost production zones are located in Oklahoma.
2. It appears the cost of production is moving lower and doing so quickly.
3. Depth doesn’t appear to be as big an impediment to horizontal drilling activity.
Are you setting the example for your students on responsible social media use?
We are working with schools on planning next year's revenue and personnel budgets. We've been in touch with the SDE, and they've said they'll share an FAQ to help districts prepare for FY19 changes.
Earlier this month, the SDE put out its FAQ on medical marijuana. It’s a helpful resource, providing links to statutes and other pertinent information to assist schools in decision- and policy-making.