Common Ed Tech funding comes in below projections
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The June deposit to the Common Ed Tech Fund is $2.5 million, bringing its total revenue for FY16 to $31 million. This is $16.3 million below the original appropriation of $47.3 million.
A shortfall in the Common Ed Technology Fund will result in an adjustment to school district allocations in their June payments.
The Common Education Technology Revolving Fund is based on tax revenue from the gross production of oil.