Capitol Comments

New State Budget Increases Funding for Education, Sets Aside Significant Savings

The Legislature has passed a budget for Fiscal Year 2020 that significantly increases funding for public schools and saves a portion of state revenue for the first time that anyone can remember. The $8.1 billion appropriated budget includes an increase of $157 million to the K-12 common education budget to be used to fund an average $1,220 teacher pay raise and put $74 million in new money into the funding formula.

Last year, lawmakers put $480 million in new money into public education. With this year’s injection of new money, the appropriated common education budget will be more than $3 billion for the first time. The Legislature has now increased funding for common education by 26.25 percent during the last two years. Those pay raises also include teachers at the Oklahoma School for the Deaf and the Oklahoma School for the Blind and K-12 educators employed by the Office of Juvenile Affairs, Department of Corrections and Career Tech.

 

 

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