On Friday, Governor Brad Henry approved $11.5 million in emergency funding for Oklahoma public schools, but added that K-12 education will need additional supplemental funding to help address a funding shortfall this fiscal year:

As I said last week, this is only a first step to addressing the immediate funding needs of our public schools. There is no question that K-12 education needs additional money, and I will be working with legislative leaders to provide that as quickly as possible.

The governor and state lawmakers are trying to fill a revenue shortfall in the House Bill 1017 fund, an account that supplements the K-12 schools’ budget.

Senate Bill 1354 by Sen. Mike Johnson and Rep. Ken Miller provides $10 million to cover part of the shortfall and another $1.5 million to address needs in the Academic Achievement Award program.

The emergency funding ensures that schools will receive their full funding allocation for the month of April, but additional appropriations will be needed for the remaining two months of the fiscal year.

When Gov. Henry and legislative leaders agreed to the $11.5 million appropriation last week, they made clear their commitment to provide additional supplemental funding to schools to fill the rest of the 1017 fund shortfall. State officials are awaiting final revenue collection numbers to determine how large an appropriation is necessary. Governor Henry:

We will keep the commitment we made to fill the education shortfall. The schools need this money to end their school year in an orderly manner.

On Friday, Gov. Henry also signed Senate Bill 1294 by Sen. Mike Johnson and Rep. Ken Miller. The legislation provides $3.1 million to the Corporation Commission to address delayed federal funding.

Labels: Brad Henry, corporation commission, Education

Posted at 4/07/2008 07:46:00 AM