Gov. Henry signs school funding bill

By: From Wire Reports
By: From Wire Reports

OKLAHOMA CITY (AP) - Gov. Brad Henry has signed legislation that appropriates more tax dollars to public schools.

Henry signed the measure on Thursday. It's the latest supplemental appropriations bill passed by the House and Senate to help schools pay their bills through the end of the fiscal year on June 30.

The measure appropriates $27.7 million to make up for a shortfall in an education fund. It appropriates another $16.1 million from an ad valorem tax reimbursement fund.

The ad valorem fund reimburses counties for school districts that lose revenue due to a tax exemption for manufacturing or research and development firms.

Two other supplemental spending bills for public schools have been signed this year to make up shortfalls in the education revenue fund. The first was for $10 million and the other totaled $19.2 million.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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