2018 October POINT!

vision for the state. This state question is a component of the State Chamber’s OK 2030 agenda, which the

those funds may be spent. State Question 801 would remove some restrictions on how school districts may use property tax dollars. If passed, this state question would allow schools to use 5 mills of their property tax dollars for teacher salaries, additional staff or general expenditures. This state question does not add any new money to school budgets, but it does provide more local control of existing funds. Vote on Nov. 6 You can cast your vote for these five state questions and for candidates in local, state and federal elections on Tuesday, Nov. 6. Visit www.ok.gov/elections to confirm your registration, find your polling location and view a sample ballot.

Chamber supports. State Question 800

State Question 800 would deposit 5 percent of the revenue from Oklahoma’s oil and gas production tax in a trust fund called the Oklahoma Vision Fund. If passed, the Oklahoma Vision Fund would become the state’s third budget reserve fund, and unlike the Rainy Day Fund and the Revenue Stabilization Fund, deposits would be made into the Oklahoma Vision Fund every year. The Oklahoma Vision Fund would grow over time, which would help stabilize the state’s long-term financial needs. State Question 801 Property taxes are the largest source of local revenue for schools, but the Oklahoma Constitution limits how

THE POINT - OCTOBER 2018 19

www.okcchamber.com

Made with FlippingBook - professional solution for displaying marketing and sales documents online