OKLAHOMA CITY (July 23, 2014) – The Oklahoma State Department of Education (OSDE) has released to school districts initial state aid allocations for Fiscal Year 2015.
Districts will see an increase in per-pupil funding of $38.60 per student. The initial allocation for FY15 is $3,077.20 per student as compared to the $3,038.60 received as the initial allocation in FY14.
The state appropriation to schools for the funding formula during the new fiscal year, after the adjustment pursuant to the state Attorney General’s opinion 2014-7, is $1,876,284,000. Factoring in projected costs for new and “virtual” charter schools, the initial allocation to districts for FY15 is $1,809,293,678.
Gov. Fallin and state lawmakers this past legislative session provided a total of $80 million in additional funding for K-12 public education. While significantly less than what OSDE had requested in light of escalating healthcare costs and a growing student population, the amount was the largest increase given to a state agency this year.