OKLAHOMA CITY — Oklahoma legislative leaders on Wednesday reached a deal on a $8.3 billion budget for the upcoming fiscal year.
Here's a breakdown for how education in the state will be impacted:
- $203 million increase for public education across the spectrum
- $157.7 million for common education
- $1,220 teacher pay raise. Compromise language has been agreed to that will require school districts on the funding formula, which is 97 percent of school teachers, to deliver a $1,220 pay raise. The compromise language will require school districts to report how those pay raises will be executed and sustained within districts, and the reports will be made available online for the public to view.
- $5.5 million for the Reading Sufficiency Act, fully funding the third-grade reading initiative for the first time in state history
- An additional $74.3 million for local schools to use to hire additional teachers, counselors, social works or address their unique needs in their districts.
- $18 million for career tech centers to increase compensation for employees and teachers
- $28 million for higher education to bolster research programs and provide a salary increase for college teachers
- Graduate Medical Education funding for of physician residency programs for Oklahoma’s teaching hospitals (see below in health care section)
Click here for a full breakdown of the new budget.
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