That increase moves Oklahoma from seventh to second highest in the region in average teacher pay and is the largest teacher pay raise in the history of the state.
The Oklahoma Education Association (OEA), the states' largest teachers union, said that the wage hike is "a truly historic moment" but that it is "incomplete", CNN reported.
The state's largest teacher union is still calling for a statewide walkout on Monday, arguing that lawmakers already are working to repeal the lodging tax, which generates almost $50 million.
Oklahoma Education Association President Alicia Priest accused both chambers of the Oklahoma Legislature of taking actions Thursday to "derail almost $75 million in revenue necessary to fund House Bill 1010xx".
"This package doesn't overcome shortfall caused by four-day weeks and overcrowded classrooms that deprive kids of the one-on-one attention they need".
The extra revenue will go largely to fund an average $6,100 pay increase for teachers, who are planning to walk out of class on Monday.
The state Senate passed a $447 million revenue package Wednesday evening that would help fund a teacher pay raise in the state.
After a teacher pay raise measure was passed by both chambers and landed on the governor's desk, several school districts began taking a closer look at the scheduled teacher walkout. OEA president Alicia Priest said it was "a good first step", but signaled that it won't be enough to avert a strike. The union has demanded a $10,000 pay raise for teachers over three years, $5,000 for support personnel and a $75 million increase in funding, and the package approved by the House would not be enough to satisfy all of their demands.
"In our own specific district, we've lost our kindergarten assistants in the last several years, we've lost responsible thinking classroom teaching support".
Additional reporting from Newsy affiliate CNN. Certainly the teachers had reached the end of their patience, and I can understand and sympathize with that. Teachers in NY, the top-ranked state in terms of teacher pay, made $79,152 on average in 2016. The rally drew about 2,500 people, the Arizona Department of Public Safety told CNN affiliate KNXV. "Our school communities are desperate for change because we know what's at stake here - the futures of our students and this great state". Oklahoma was also ranked 47th in expenditures for public K-12 students per student in 2016, according to the National Education Association. They want better pay and are encouraging each other to organize via social media.