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Dear
Superintendent,
Governor
Mary Fallin signed the Fiscal Year 2018 budget bill into law on February 27,
2018. House Bill 1020XX cut the
General Fund (GR) revenue appropriations roughly 2 percent for all state
agencies. The Oklahoma State Department of Education received a GR cut of
$15,357,170 to the funding formula that resulted in an adjustment to the current allocation. The adjusted Midyear funding formula allocation (03/02/2018) has been posted on the State Department of Education’s Single Sign On application under Allocation
Notices.
The
adjusted Midyear funding formula allocation factor of $3,031.80 has decreased by <$13.80> from the FY2018 Midyear
Allocation of $3,045.60 on December 22, 2017. All of the supporting documentation (reports)
will be posted on the State Aid Web page on Friday, March 2, 2018. This adjustment will affect the scheduled March
15 payment.
Your
current year allocation may be modified as other conditions change. Should you have any questions, please contact
the State Aid Section at the number below.
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