OKLAHOMA CITY – As lawmakers passed an instructor pay raise step today, there are still a lot of questions regarding the bill.On Thursday, Gov. Mary Fallin signed HB 1010XX, which requires a $447 million tax increase to money instructor pay raises.The plan offers an average $6,000 pay increase for all instructors, however it begins at $5,000 for first-year teachers and is expected to slowly increase over time.On Thursday evening, officials with the are not to be included in the estimation of taxable earnings. To see United States tax tables, click here. Assertion 8: This legislation does not provide funding for classrooms.FALSE. HB 3705 brings back the book line item for schools at a level of$33 million and appropriates an extra$422.3 million to the state funding formula, which isexpected to more than cover the cost of raises for teachers and support staff. Based on existing quotes, that leaves an additional nearly$18 million for operations.Assertion 9: Support personnel raises are dead/not happening.FALSE. HB 1026XX, which provides a $1,250 raise to school assistance personnel, has actually been passed by both homes of the Legislature and sent out to the Governor for signature. HB 3705, which appropriates roughly $50 million to fund raises for school support staff, has likewise been sent to the Governor for signature.Assertion 10: Retired teachers were neglected
of this expense. REAL, BUT WITH QUALIFICATIONS. While HB 1010xx did not
consist of arrangements for COLA, there is legislation still alive this session to address this problem. HB 1340 offers for a one-time circulation to senior citizens who have actually been retired for five years or more of$1,000 to $1,400, depending on the financing ratio of the pension system. This costs has actually passed your house and awaits a hearing in
the Senate.Assertion 11: The earnings bill(HB 1010xx)utilizes the terminology”if funds are offered.”FALSE. In existing state statute , school districts receive assigned funds from the tax levied on the gross production of oil and gas. These are state-dedicated earnings that add to the state funding formula. Education receives its apportionment “prior to any other apportionment of income has been made”( see 68 OS 1004, also shown in HB 1010XX ). Other Funds, like the County Highway Fund, then get a”in proportion share ofthe funds readily available” after the obligation to education has been fulfilled.Assertion 12: This does not restore moneying lost
over the last decade.PARTLY TRUE. It is difficult to reverse a decade of student development that has surpassed financing for public education in a single revenue costs or legislative session. However, the actions of the Legislature to money education at more than$2.9 billion– an increase of$480 million in one year– immediately puts Oklahoma on the path to healing. Our focus stays on promoting for exactly what kids require to attain scholastic quality to make sure that upon graduation they are college and profession ready. We continue our advocacy efforts toward those goals and motivate everybody in the education neighborhood to do so.