The Norman Transcript

Education

March 26, 2013

Tax cuts could spell big deficit for Norman schools

(Continued)

NORMAN —

Based on statewide projections, the state’s education budget could lose anywhere from $68 to $100 per weighted student, translating to a loss of anywhere from $72.8 million to $107 million.

Norman Public Schools’ weighted student population is 23,450, which could translate into anywhere from $1.6 million to $2.3 million loss in state aid for FY 2014.

Combining the projected possible deficits in FY 2014 from sequestration and decreased tax revenue, the district stands to see a loss of $1.9 million to $2.7 million.

“These are all projections, none of this has been claimed yet. When (766) was on the ballot, the Oklahoma Tax Commission projected a $30 million impact in state education funds,” Siano said. “I think we’ll see a lot of positive rhetoric if those who are pushing for education dollars successfully attain their $75 million to $100 million goal from legislature, and we’d certainly be pleased about that effort, but it’s crucial for the public to understand the big picture of essentially breaking even.”

Board member Linda Sexton said, “It’s like your employer giving you a $10,000 bonus at the end of the year after cutting your salary by $10,000.”

Caitlin Schudalla

366-3541

cschudalla@

normantranscript.com

 

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