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CareerTech staff outline draft funding formula to redistribute $75 million and reduce inequities
Summary
Agency staff presented a draft funding formula that would use a $75 million state input to recalculate allocations to Oklahoma technology centers, replacing the current $50.4 million baseline and phasing changes over three years to limit budget disruption.
Agency staff presented a draft of a revised funding formula at the Oklahoma CareerTech State Board meeting that would reprioritize state aid using a proposed $75,000,000 funding input instead of the current $50.4 million distribution.
The presenter described the formula as a multi-part allocation that begins with local ad valorem revenue, sets aside campus and instructional allotments, and creates program-level funding amounts that are then averaged and prorated so smaller districts move closer to an equity benchmark. Staff emphasized the proposal is a draft and would be implemented over a three-year rollout to avoid abrupt budget decreases for affected centers.
Under the draft, roughly 60–70% of local ad valorem receipts would be considered available to support full-time programs. A statutory campus allotment of 10% of the overall…
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