The Oklahoma Board of Equalization met last week and acted on several issues that may impact education funding in FY21. Afterward, the governor held a press conference to discuss OMES's state revenue forecast:
The resultant choices the legislature faces are difficult at best. The question seems to be whether or not it is better to take the loss of allocation now or spread it over the next three years. We won't know the direct impact on State Aid and other state-funded revenues until after the state budget is negotiated and the legislative process for approving the budget is completed.
Because of the uncertainty in the state’s revenue status, caution is essential in building FY21 district budgets. It is important to examine the following:
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A collection of Oklahoma education-related news of the week.
As we move into November, the potential for ed funding changes are very obvious.