Post by pavel on Apr 28, 2016 23:51:34 GMT -6
State Education Department officials are warning cash-strapped schools to brace for another funding cut before the end of June.
The reductions are projected to be between $13 million and $17 million. They would come from the Common Education Technology Revolving Fund, one of six revenue sources that support the State Aid Funding Formula.
The fund is not meeting the estimated collections, officials said. Through April, it has only received $26.5 million — or 55.9 percent — of a $47.3 million appropriation based on tax revenue from oil.
Edmond Public Schools could lose between $422,809 and $549,652 if projections hold up.
Read more: newsok.com/oklahoma-schools-brace-for-another-cut/article/5494852
The reductions are projected to be between $13 million and $17 million. They would come from the Common Education Technology Revolving Fund, one of six revenue sources that support the State Aid Funding Formula.
The fund is not meeting the estimated collections, officials said. Through April, it has only received $26.5 million — or 55.9 percent — of a $47.3 million appropriation based on tax revenue from oil.
Edmond Public Schools could lose between $422,809 and $549,652 if projections hold up.
Read more: newsok.com/oklahoma-schools-brace-for-another-cut/article/5494852