A new legislative report said a statewide initiative on the November 2010 ballot seeking to increase funding for public education would require a 40% increase in Oklahoma’s income tax or sales tax rate, or across-the-board budget cuts for state agencies.

The Oklahoma Education Association said the state spends $7,615 per student, which is below the $9,078 national average and less per student than is spent by its neighbors Colorado, Kansas, Missouri, Arkansas, Texas, and New Mexico.

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