How does the law address school funding?

In Oklahoma, school funding is heavily regulated by state law. The Oklahoma Constitution mandates that the state provide funds for a unified school system and states that the educational system must be provided with sufficient funds for all the public schools in Oklahoma. Oklahoma law also addresses the sources of school funding. The largest sources are state sales and income taxes. Other sources include federal grants, local revenue, and the use of bond issues. School districts are also able to levy ad valorem taxes on property owners for the purpose of school funding. The revenue collected from these taxes is used to supplement funds from the state and federal levels. The Oklahoma State Department of Education is responsible for determining the amount of school funding different districts receive. The department uses a formula that takes into consideration the area’s population, the number of students, the number of teachers, the district’s total operating expenses, and other factors. The formula is based on the principle of equalization, which means that no district should be better off or worse off than any other district. Overall, Oklahoma law outlines the sources of school funding and the formula used to determine the amount of funding different districts receive. The law also ensures that the funds are used for what is best for the students. This includes providing resources for a quality education and opportunities for students to reach their potential.

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How does the law address school funding?

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