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SB 240 Oklahoma Senate · 2026 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 increasing the percentage of state education funds retained for midyear adjustments from 1.5% to 4%. It updates how State Aid is calculated using actual tax collections, adjusted assessed valuation, and weighted average daily membership (ADM) from the previous year. The bill affects all Oklahoma public school districts by changing their allocation method and removing outdated provisions related to tax calculations and reporting requirements. These changes aim to improve the accuracy of funding distributions while streamlining administrative processes.
Issues: ✓ Budget & TaxesSupports Budget & TaxesIncreases state education funds retention from 1.5% to 4% for midyear adjustments, ensuring stable school funding allocation via updated tax-based calculations.85% confidence ✓ EducationSupports EducationIncreases state education funds retention from 1.5% to 4%, enhancing school funding stability and allocation accuracy for public districts.90% confidence
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
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Floor (Senate) · 5 edits
MODERATE
The bill was amended from its introduced version to the Senate Floor version with substantive changes to school funding calculations, effective dates, and reporting requirements. Key modifications include changing the initial State Aid calculation year from 2022-2023 to 2026-2027, adding new definitions for Average Daily Membership calculations, and expanding the Total Adjusted Assessed Valuation definition to include real property assessed valuation.
Scope change
The bill now applies to a later school year (2026-2027 instead of 2022-2023) for initial State Aid calculations, which delays the implementation of the new funding formula.
TIMELINE

Changed the effective date for initial State Aid calculations from the 2022-2023 school year to the 2026-2027 school year, delaying implementation of the new funding formula.

DEFINITION

Added new definition for Average Daily Membership calculation, specifying how to calculate membership by dividing total days present and absent by days taught, with specific rules for students absent without excuse and virtual charter school students.

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

Modified Eighty-five percent definition to clarify the calculation of indebtedness for class size penalty assessments, including outstanding principal amounts of bonds issued and authorized but not yet issued.

REQUIREMENT

Added new requirements for the State Department of Education to complete audits of student enrollment data by December 1 and notify districts of final State Aid allocation by January 15.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
1
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

Sponsors

Role
Legislator
Party
State
District
P
Photo of Adam Pugh
Adam Pugh
RRepublican
OK
41