Oklahoma SB240 modifies school funding calculations and retention percentages.
Oklahoma SB240 amends the calculation of State Aid for school districts, introducing a new weighted membership formula for Foundation Aid. It increases the percentage of funds retained for midyear adjustments from 1.5% to 4%. The bill also updates the reporting requirements for the Oklahoma Tax Commission and other state agencies, removing outdated provisions and clarifying certain definitions. Effective from the 2026-2027 school year, it mandates the State Department of Education to develop a student identification system for reporting enrollment data and other educational metrics.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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