'Schools are feeling like they’re in free fall' says State Superintendent Joy Hofmeister
State Superintendent Joy Hofmeister said a shortfall in one of the main state revenue sources for public schools will easily top $100 million before the end of June — and the impact of that loss is widely misunderstood.
Hofmeister addressed the topic among others at Public Radio Tulsa’s “Give and Take” on education event, held Thursday evening at the Central Library.
“Schools are feeling like they’re in free fall right now,” Hofmeister said. “Just for education, we have lost $82 million since February, and that will exceed $100 million by June.”
She explained to the 50 or so people gathered at the event that the greatest loss of funding isn’t from state budget cuts, but from tax revenues that simply haven’t come into the 1017 Fund, or Education Reform Revolving Fund, anywhere close to the levels anticipated by state leaders.