Oklahoma City, OK 73105
For Immediate Release: March 2, 2011
Measure to eliminate school district carryover
limits heads to Senate
Legislation to provide financial assistance to school
districts around the state passed out of the Senate Appropriations Committee
Wednesday. Senate Bill 80, by Sen. Gary
Stanislawski, would remove the limit on school district carryover
funds helping provide schools with more funding.
“Currently, schools are draining their general funds in order
to avoid being penalized by the state and having their State Aid reduced.
By eliminating the carryover limits, schools could act responsibly and
save their money for future budgetary needs,” said Stanislawski,
Under current law, a school district’s State Aid is reduced each
year by the amount of carryover funds in the district’s general
fund if the district exceeds certain standards for two consecutive years.
“During hard economic times like the ones we’ve been facing,
schools need all the tools they can get to help make ends meet and be
able to pay their bills and avoid laying teachers off,” said Stanislawski.
“SB 80 is one of the tools that will help schools deal with budgetary
issues by allowing them to hold on to money - creating a safety net
for future expenses.”
SB 80 now moves before the full Senate.
For more information contact:
Sen. Stanislawski: (405) 521-5624