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Revenue Woes in Oil, Coal States Squeeze K-12
Education Week: Reeling from drastic midyear cuts after they grossly miscalculated expected revenues amid falling oil prices and troubles in the coal industry, legislators in several mineral-dependent states, including Alaska and Oklahoma, are set to debate alternative revenue sources for state school aid.
Those could include revisions to their school funding formulas or even constitutional changes to allow educators to pull more money from rainy-day funds in response to revenue shortfalls specifically tied to energy prices.
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