Garrett: Education Cash Shortage 'Serious Situation'
From www.newsok.com ~ The Board of Education today voted to ask the Oklahoma Legislature for a $37 million supplemental appropriation to make up for money lost due primarily to a projected shortfall in state corporate income tax collections.
If the Legislature rejects the request, the department will need to start cutting its state aid payments to districts by about 2 percent a month beginning in March, said Shawn Hime, an assistant state superintendent with the department's financial services division.
State Superintendent Sandy Garrett (pictured) described the projected shortfall as a "serious situation."
If the Legislature rejects the request, the department will need to start cutting its state aid payments to districts by about 2 percent a month beginning in March, said Shawn Hime, an assistant state superintendent with the department's financial services division.
State Superintendent Sandy Garrett (pictured) described the projected shortfall as a "serious situation."
Labels: Education Shortfall, Sandy Garrett, Shawn Hime
posted by Mike McCarville @ 4:10 PM
