BY RANDY ELLIS Staff Writer email@example.comScrounging for a way to give teachers pay raises or bonuses without raising taxes, some state lawmakers have set their sights on a $2.4 billion pot of money managed by the Commissioners of the Land Office. About $1.7 billion of that $2.4 billion is held in trust for common schools. The challenge — which could prove insurmountable — is figuring out a way to tap the Land Office's common schools trust fund for more money each year without violating the Oklahoma Constitution. The Commissioners of the Land Office already is managing trust funds and other assets for the benefit of Oklahoma schools, distributing $103.4 million to common schools and $34 million to higher education in fiscal year 2017,...
READ MORE >
Constitutional issues raised by proposal to tap trust funds for Oklahoma teacher bonuses