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Oklahoma Budget & Education Funding Overview

Oklahoma Budget & Education Funding Overview. Overview. FY-2014 Budget and Revenue Breakdown GRF Sources 1017 Sources Historical Budget and Education Funding Trends Education Funding Breakdown Current 1017 Issues. Overall Budget Breakdown. Overall Revenue Breakdown.

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Oklahoma Budget & Education Funding Overview

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  1. Oklahoma Budget & Education Funding Overview

  2. Overview • FY-2014 Budget and Revenue Breakdown • GRF Sources • 1017 Sources • Historical Budget and Education Funding Trends • Education Funding Breakdown • Current 1017 Issues

  3. Overall Budget Breakdown

  4. Overall Revenue Breakdown

  5. Sources of the General Revenue Fund

  6. 1017 Sources and Percentages of Each • Personal Income Tax: 8.34% • Corporate Income Tax: 16.5% • Sales Tax: 10.46% • Use Tax: 10.46% • Tribal Gaming: 88% • Cigarette Tax: 2.07% • Horse Racing: 88% • Tobacco Products Tax: 2.07%

  7. 1017 Fund FY-2014 Estimate

  8. Historical Education and State Budget

  9. Education Appropriation Breakdown

  10. Percent Breakdown FY-2008 to FY-2014

  11. 1017 Situation

  12. 1017 Situation • What Is Left to be Distributed? • June Payment: $69,092,254 • What’s Left to be Collected? • May Collections Estimate: $56,232,457 • June Collections Estimate: $78,341,254 • What’s The Potential Issue? • Cash Flow for June: $10m • Cash Flow for FY2015

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