Lawmakers can have a bill on Gov. Mary Fallin’s desk by Wednesday, Sparks said.

The Rainy Day Fund has $385 million, of which $144 million could be accessed to offset the revenue failure, said John Estus, a spokesman for the Office of Management and Enterprise Services.

Legislative and policy leaders have said they are reluctant to tap the fund for the current crisis because the next fiscal year budget picture is also expected to be poor.

Although lawmakers are reluctant to tap the fund, they have not ruled it out, House Speaker Jeff Hickman, R-Fairview, said.

“This is a brutal time for schools,” State Superintendent Joy Hofmeister said in a statement Thursday. “A second General Revenue failure means schools will have lost nearly $110 million since the start of the spring semester alone, and that does not take into account next fiscal year, which looks equally bleak.”

Many rural districts have said they will immediately go to a four-day school week for the rest of the year, she said.

“Educators are facing heartbreaking decisions that ultimately will affect students in the classroom,” she said. “Our schoolchildren are the ones who will pay the steepest price.”