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Today In The News
Midyear budget cuts could force some Oklahoma school districts to close: Some Oklahoma school districts could be forced to close as a result of midyear cuts to public school funding, education officials warned Thursday. State Board of Education members voted unanimously to approve a $46.7 million funding cut for the fiscal year ending June 30, including a $25 million reduction in funding that goes to schools. The board made 3 percent cuts to several accounts but made a 6.6 percent cut in the public school activities account to cushion the blow to local districts, state schools Superintendent Joy Hofmeister said [NewsOK].
Report: Oklahoma students perform poorly compared to other states: The annual Quality Counts report released Thursday by Education Week shows Oklahoma public school students performed poorly compared to most states in K-12 achievement, per-pupil spending and student chances for academic and career success. Oklahoma ranked 46th out of 50 states and the District of Columbia with an overall score of 68.2 out of 100 points and received a grade of D-plus, according to the report, which tracks key education indicators and grades states on their performance and outcomes [NewsOK].
Oklahoma Revenue Figures Drop Over Previous Year For First Time Since Recession: New figures out Thursday morning show gross receipts to the state treasury over the past year were down for first time in nearly seven years. Collections shrank by nearly 16 percent from 2008 to 2009, largely affected by the global economic crisis known as the Great Recession. Calendar year growth ranged from 2.5 percent to 9.6 percent between 2010 and 2014 [KGOU].
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