22-year error to affect Oklahoma school funding

TULSA — Oklahoma's school's superintendent says miscalculations in the state's school funding formula since 1992 will soon cause a number of mid-year adjustments worth millions of dollars.

The Tulsa World reported Friday that a Ponca City school official had noted that a state law caps agricultural and commercial personal property taxes at 11 percent. State Superintendent Janet Barresi said the cap has not been in place.

Barresi said some districts will see an increase in state funding, while others will see a drop. The Oklahoma Tax Commission said new calculations won't be available until next month. Midyear adjustment figures are due Jan. 15.

Ponca City Superintendent David Pennington told the newspaper that he first raised the issue a decade ago but that no one in local or state governments understood the problem.

Upcoming Events