The Norman Transcript

Education

June 4, 2013

Budget projections presented to school board

(Continued)

NORMAN —

NPS’ projected budget showed a similarly concerning deficit between projected revenue and expenditure, with projected revenue at $91.9 million and projected expenditure at $94.9 million, showing a disparity of $3 million.

Prominent factors contributing to this deficit were sequestration, expected to take $374,000 out of the district’s budget, as well as state questions concerning ad valorem taxes approved by voters in 2012.

“There’s a serious concern that that statewide cut in local dollars could cut $70 million out of the state budget’s formula for aid. If and when this happens across the state, the state needs to offset it, but we’ve only been told $20 million will be put into the formula,” Burkett said. “We won’t know until August.”

“The public doesn’t always see how stressed our budget is because we’ve worked very hard to leave dollars where it’s most observable to parents and kids, and that’s in the classroom. If we lost the opportunity to leverage these other resources, you’d see a dramatic jump in class size and drop in services,” Siano said.

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