Oklahoma City, Oklahoma 73105
For Immediate Release: March 14, 2011
Sen. Gary Stanislawski
Senate approves bill to encourage fiscal responsibility
for school districts
In a bipartisan vote of 43-3, the Senate overwhelmingly approved
legislation Monday that would allow school districts to be more
fiscally responsible and save carryover funds from year to year.
Sen. Gary Stanislawski said that current law punishes school districts
for saving funds, but Senate Bill 80 will fix this problem.
“Currently, state aid is based on the amount of a district’s
carryover funds. The less carryover funds they have, the more state
aid they get. Basically, responsible schools that don’t drain
their general funds are being penalized,” said Stanislawski.
“This is wrong and encourages schools to spend money on things
they don’t necessarily need just to avoid losing their state
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. SB 80 would remove the limit on school district carryover
“Instead of punishing schools for being responsible, this
bill will help them save for future emergency budgetary needs without
worrying about losing their state aid,” said Stanislawski.
“If this law had been changed a few years ago, many schools
wouldn’t be in the financial crisis they’re in today.
They could have built up some emergency savings but instead they’re
going to be forced to make drastic cuts to staff and educational
programs among other things.”
SB 80 now goes to the House for further consideration.
For more information contact:
Sen. Stanislawski: (405) 521-5624