The Oklahoma Board of Equalization met last week to begin allocating revenues that the legislature will have to work with for the 2021 budget. The results reflect the published information indicating a flat budget is probably going to be the result of current economic conditions. There are several factors influencing Oklahoma’s current downturn in tax revenue collections:
The explanation for the lack of revenue can be as complicated as one wishes to make the discussion, but we are in a position where the revenues may not be immediately available. The worst part is this may not be a one-year phenomenon; budgeting will take foresight and patience. As we move into this economic cycle, it will be important for leaders to prepare to make solid financial decisions.
In a time like this, certain questions will be asked: how much and when will State Aid change? We have a lot of moving parts in this budget cycle, so anything we do right now will be a guess. A few things to remember as we move forward:
It is important that faculties and staff be right sized to protect the district. Personnel are the costliest portion of any budget, and aligning staffing with the student population is the best way to balance a budget. Both a student and instructional census will help establish the actual instructional needs. If you need to explore this budget area, we can help you. We can also provide support on other projections you may need to adequately budget for in the coming year(s).
It’s almost time to welcome students back! We hope you had a restful, relaxing summer and are ready to get back to all of the students anxiously awaiting your return!
Does being locked in a room for a specified time during which you must escape using teamwork, puzzle solving and communication sound intriguing? Have you ever visited an escape room or heard of these physical adventure games?
We’ve all heard the term “October Blues” time and time again. It’s that period in the school year when everything starts to feel a little harder. Maybe it’s fatigue, playing the catch-up-game with the never-ending deadlines, or just the cold weather approaching.
A collection of Oklahoma education-related news of the week.