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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Please find information below from today’s Board of Equalization meeting.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">Merry Christmas and Happy Holidays.<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Johnson, Dr. Glen
<br>
<b>Sent:</b> Friday, December 18, 2020 4:21 PM<br>
<b>Subject:</b> Update on Board of Equalization Meeting - December 18, 2020 at 3:00 p.m.<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" align="center" style="text-align:center"><a name="_Hlk27740405"></a><a name="_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION<o:p></o:p></span></a></p>
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<span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b><span style="font-size:36.0pt;letter-spacing:-3.0pt">Memo</span></b><o:p></o:p></span></span></p>
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<p class="MsoNormal" style="line-height:150%"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b>To:
<a name="to1"></a>State Regents<o:p></o:p></b></span></span></p>
<p class="MsoNormal" style="line-height:150%"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b> Presidents<o:p></o:p></b></span></span></p>
<p class="MsoNormal" style="line-height:150%"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b> Higher Education Network<o:p></o:p></b></span></span></p>
<p class="MsoNormal" style="line-height:150%"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b>From:
</b> <a name="from"></a>Chancellor Glen D. Johnson<o:p></o:p></span></span></p>
<p class="MsoNormal" style="line-height:150%"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b>Date:
</b> <a name="datea"></a>Friday, December 18, 2020<o:p></o:p></span></span></p>
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<span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b>Subject:</b>
<a name="re"></a>Update on Board of Equalization Meeting – December 18, 2020 at 3:00 p.m.<o:p></o:p></span></span></p>
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<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><a name="body"></a>This afternoon I virtually attended the State Board of Equalization meeting by Zoom.
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="background:yellow;mso-highlight:yellow">During the meeting, the Board of Equalization considered our FY22 funding request for the Oklahoma’s Promise
scholarship program in the amount of $69.4 million, with $4.0 million funded from the Oklahoma’s Promise trust fund reserves and $65.4 million being allocated from the state General Revenue Fund.</span><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">We discussed the Oklahoma’s Promise funding request with State Equalization Board members prior to the meeting this afternoon. We let them know that approximately
95,000 students have earned the Oklahoma’s Promise scholarship since the inception of the program in 1992 and that our state system of higher education greatly appreciates their support on behalf of Oklahoma’s students and families.
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">At the conclusion of the presentation for the FY22 Oklahoma’s Promise funding request, the Board of Equalization
<span style="background:yellow;mso-highlight:yellow">unanimously voted to approve</span> our FY22 funding request for the Oklahoma’s Promise scholarship program.
<span style="background:yellow;mso-highlight:yellow">Voting in favor of the request were Governor Kevin Stitt, Lieutenant Governor Matt Pinnell, Attorney General Mike Hunter, State Treasurer Randy McDaniel, State Superintendent Joy Hofmeister, State Auditor
& Inspector Cindy Byrd, and Oklahoma Commissioner of Agriculture Blayne Arthur.</span><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="background:yellow;mso-highlight:yellow">Additionally, at their meeting, the Board of Equalization approved an FY22 General Revenue estimate of
$8.464 billion which represents an increase of $631.2 million (8.1%) over the current $7.833 billion appropriated for FY21.</span>
<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">Please let me know if you have any questions.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">Thanks.<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">Glen<o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><o:p> </o:p></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><b><span style="color:black">Glen D. Johnson</span></b><span style="color:black"><o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">Chancellor<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">Oklahoma State Regents for Higher Education<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">655 Research Parkway, Suite 200<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">Oklahoma City, Oklahoma 73104<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">405.225.9122
<o:p></o:p></span></span></span></p>
<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"></span></span><a href="mailto:gjohnson@osrhe.edu"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405">gjohnson@osrhe.edu</span></span><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"></span></span></a><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black">
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<p class="MsoNormal"><span style="mso-bookmark:_Hlk59200574"><span style="mso-bookmark:_Hlk27740405"><span style="color:black"><img border="0" width="130" height="66" style="width:1.3541in;height:.6875in" id="Picture_x0020_2" src="cid:image001.jpg@01D6D559.C7B3BFE0" alt="OK_RegentHigh_transparent"><img border="0" width="104" height="60" style="width:1.0833in;height:.625in" id="Picture_x0020_1" src="cid:image002.png@01D6D559.C7B3BFE0" alt="oklahoma-works-logo-vertical-cmyk"><o:p></o:p></span></span></span></p>
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