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Public School Finance: Prospectus Paper
Beginning of 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. ....
Middle of paper
....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. Private advalorem property is assessed at 11-14
mills. The utility companies were receptive to the suggestions. They do not
care if their taxes are incr.... |
| Word count: 720 |
Page count: 3 |
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