Hofmeister comments on General Revenue failure

OKLAHOMA CITY (February 21, 2017) – In response to today’s Board of Equalization meeting, where a 0.7 percent General Revenue failure for the state has resulted in $11.1 million in cuts to common education and a $39.2 million shortfall in the 1017 fund was declared, State Superintendent of Public Instruction Joy Hofmeister made the following remarks:

“Today’s General Revenue failure, although not unexpected, poses a hardship to districts and schools already stretched thin as a result of ongoing budgetary challenges. It is difficult for any state entity to absorb a budget cut halfway through the fiscal year, but we are thankful to see encouraging signs that the energy sector may be rebounding.”