Budget & Tax

Curtis Shelton | January 30, 2026

New Oklahoma data show rising school revenue—and a soaring cash pile

Curtis Shelton

Since 2010, Oklahoma public schools have seen a surge in resources. 

Adjusted for inflation to current dollars, total new revenue has increased by $1.3 billion. Per-pupil revenue is up 9 percent—from $12,598 to $13,751—across all funding sources (state, local, and federal). State funding is driving almost all of the growth, rising by $1.04 billion, while local funding increased by $612 million and federal dollars declined by $311 million.

Sources: Oklahoma State Department of Education Revenue Reports; U.S. Bureau of Labor Statistics, CPI Inflation Calculator

These figures don’t include the large sums that schools carry over each year. Unspent cash balances have exploded from $2.5 billion in 2010 to $4.5 billion in 2025. Carryover now represents 32 percent of total revenue, up from 23 percent.

When accounting for those accumulated reserves, total resources available to public schools jumped from $10.8 billion to $14.1 billion (inflation-adjusted) between 2010 and 2025. Per-pupil cash availability rose from $16,441 to $20,249 over the same period.

Sources: Oklahoma State Department of Education Revenue Reports; U.S. Bureau of Labor Statistics, CPI Inflation Calculator

Curtis Shelton Policy Research Fellow

Curtis Shelton

Policy Research Fellow

Curtis Shelton currently serves as a policy research fellow for OCPA with a focus on fiscal policy. Curtis graduated Oklahoma State University in 2016 with a Bachelors of Arts in Finance. Previously, he served as a summer intern at OCPA and spent time as a staff accountant for Sutherland Global Services.

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