Public School Finance Prospectus Paper

Public School Finance Prospectus Paper - Public School...

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Public School Finance: Prospectus Paper Oklahoma utility companies are currently protesting the amount of taxes that they must pay. The dispute came about because of the difference between what utility companies and other commercial properties and other entities such as railroads and airlines must pay. The utility companies originally protested all of the taxes that they had to pay. They are now protesting the percentage of taxes that they must pay above what the commercial properties pay. The money is currently going into escrow accounts until a decision over the taxes has been made. According to Oklahoma Tax Commission estimates, the protests could affect more than $63 million in funding for schools and counties across the state. The money will not be allocated into the schools until the dispute has been settled. a A large group of Oklahoma superintendents has been meeting with the big four utility companies (Public Service Company of Oklahoma, Oklahoma Natural Gas, Oklahoma Gas and Electric and Southwestern Bell) to try to reach a compromise. The most recent meeting occurred on Monday, November 28, 1994. At that meeting Marvin
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This note was uploaded on 05/21/2011 for the course ACCT 101 taught by Professor All during the Spring '11 term at Kaplan University.

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Public School Finance Prospectus Paper - Public School...

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