Oklahoma lawmakers mull using trust funds for teacher raises

The Associated Press - March 12, 2018 11:58 am

OKLAHOMA CITY (AP) – Oklahoma lawmakers are looking into giving teachers pay raises or bonuses without raising taxes by tapping into $2.4 billion in trust funds managed by the Commissioners of the Land Office.

Discussions of pay raises and bonuses come as the state’s teachers are threatening to strike if $6,000 pay raises and additional funding for education aren’t approved by April 1.

About $1.7 billion of the land office’s funds is held in trust for common schools. The Oklahoman reports that lawmakers are a seeking a way to use those funds annually without violating the Oklahoma Constitution.

Commissioners of the Land Office Secretary Harry Birdwell says the federal Enabling Act and the state constitution’s rules allow the funds to grow, but the Oklahoma Constitution states they “shall never be diminished.”


Latest Stories

State Election Board Offers Tips, Reminders for Oklahoma

(Oklahoma City) – Voters head to the polls Tuesday for the statewide primary and several nonpartisan...

NOC Arts and Adventure Camp July 18-21

Application are still being accepted for the 31st Arts Adventure Summer Camp at Northern Oklahoma College...

Oklahoma Falls To Ole Miss 4-2, Rebels Claim National Title

The Ole Miss Rebels won its first-ever Men’s National Championship in baseball after defeating the Sooners 4-2 in Game 2...