TULSA, Okla. (AP) — Hundreds of school districts across Oklahoma will share more than $16.3 million in state funding after the State Department of Education admitted miscalculating the state's school funding formula for more than 20 years.
State school officials say the funds are being sent to districts and charter schools this week and next. Most schools received some kind of payment, ranging from hundreds to millions of dollars.
The recalculations are based on a 1992 law that says state aid would not factor in above an 11 percent cap that counties were taxing certain personal property.
But the law wasn't followed until the state was notified about it by several school districts last year.
Steven Crawford, executive director of the Cooperative Council for Oklahoma School Administration, says the payments represent a "one-time correction