State Superintendent Joy Hofmeister is telling schools to brace for one more round of cuts before Summer.
She said because of lower-than-expected gross production tax revenue, $13 million to $17 million will be lost from the school funding formula.
"This is really going to be gut wrenching for districts to receive this news at this time," Hofmeister said.
She said this will affect school’s abilities to pay their bills, and will cause them to dip into any savings they may have.
This particular cut comes out of the Common Education Technology Revolving Fund, which is one of six sources of revenue that funds school state aid.
Schools have lost $109 million so far this year due to revenue failures. However, Governor Mary Fallin took $51 million out the rainy day fund to soften that blow.
