SB 240 Oklahoma Senate · 2025 Regular Session

School funding; modifying calculation of State Aid; increasing percentage of certain funds to be retained. Effective date.

SB 240 modifies Oklahoma's school funding formula by changing how state aid is calculated for school districts. It uses the previous year's adjusted property valuation and weighted average daily membership (ADM) instead of current-year data to determine allocations. The bill requires school districts to retain a higher percentage of certain funds they receive. It also removes outdated reporting requirements related to tax calculations and student identification systems. This directly affects all public school districts in Oklahoma through revised funding calculations.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 24, 2025

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What changed between versions

Introduced → Floor (Senate) · 5 edits

MODERATE

This bill was amended during Senate Floor consideration to update the effective school year for State Aid calculations from 2022-2023 to 2026-2027, add new reporting requirements for January State Aid payments, and modify definitions related to student attendance and property valuation. These changes affect how Oklahoma calculates and distributes school funding to districts.

Scope change

The bill's scope was modified to change the effective date of funding calculations and add new procedural requirements for State Aid distribution.

TIMELINE

Changed the start year for State Aid allocation calculations from 2022-2023 to 2026-2027, delaying when new funding formulas take effect.

REQUIREMENT

Added requirement that State Aid payments in January and subsequent payments must be based on final State Aid allocations, with exceptions only for legally authorized penalties.

Added requirement that State Department of Education must notify each school district of their final State Aid allocation by January 15.

DEFINITION

Modified the definition of 'Total Adjusted Assessed Valuation' to include real property assessed valuation in addition to public service and personal property valuations.

Clarified the calculation of Average Daily Membership for students absent without excuse and for virtual charter school students behind pace.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 19, 2025

Upper · Passed

Reported Do Pass Education committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

1 primary · 0 co-sponsors