Oklahoma lawmakers mull using trust funds for teacher raises

Posted at 11:52 AM, Mar 12, 2018
and last updated 2018-03-13 11:07:37-04

   OKLAHOMA CITY (AP) -- Oklahoma lawmakers are looking into giving teachers pay raises or bonuses without raising taxes by tapping into $2.4 billion in trust funds managed by the Commissioners of the Land Office.

   Discussions of pay raises and bonuses come as the state's teachers are threatening to strike if $6,000 pay raises and additional funding for education aren't approved by April 1.

   About $1.7 billion of the land office's funds is held in trust for common schools. The Oklahoman reports that lawmakers are a seeking a way to use those funds annually without violating the Oklahoma Constitution.

   Commissioners of the Land Office Secretary Harry Birdwell says the federal Enabling Act and the state constitution's rules allow the funds to grow, but the Oklahoma Constitution states they "shall never be diminished."


   Information from: The Oklahoman,

Stay in touch with us anytime, anywhere.

Download our free app for Apple and Android and Kindle devices.

Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.

Follow us on Twitter

Like us on Facebook