Education

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 The bill affects all Oklahoma public school districts by changing their allocation method and removing outdated provisions related to tax calculations and reporting requirements.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.

SB 339 would freeze tuition and fees at Oklahoma public universities and colleges at 2024-2025 approved rates for the 2025-2026 academic year. It directly affects all institutions within the Oklahoma State System of Higher Education by prohibiting any rate increases beyond the previous academic year's approved levels. The key provision requires institutions to maintain tuition and fee rates no higher than those set for 2024-2025, effective July 1, 2025. This policy change aims to limit cost increases for students at public higher education institutions.