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Public School Finance: Prospectus Paper
Beginning of Essay
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 .... Middle of Essay .... recent meeting occurred on Monday, November 28, 1994. At that meeting
Marvin Stokes, Superintendent of Byng Schools, proposed that the utility
companies be assessed at 25 mills and that commercial properties be assessed at
20 mills. This would generate around $100 million in new revenue for Oklahoma
schools. Eugene Chitwood, Okemah County Assessor, suggested that public service
companies be assessed at 23 mills and that commercial properties be assessed at
15-19 mills. This would generate around $50 million in new revenue for Oklahoma
schools. The utility companies are currently paying 22.85 mills and commercial
properties are paying 11 mills. ....
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Words: 720 - Pages: 3
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