budget

Politics and Government
4:29 pm
Wed March 11, 2015

Senate Votes For Budget-Only Sessions Proposal

The Oklahoma Senate
Credit Becky McCray / Flickr Creative Commons

The Oklahoma Legislature would dedicate every other year to exclusively writing a state budget under a proposed constitutional amendment approved by the state Senate.

The Senate voted 36-10 for the measure Wednesday and sent it to the House for consideration.

Read more
Oklahoma Watch
1:48 pm
Mon March 2, 2015

Key Lawmakers Say Child Welfare Reforms Will Be Funded

Synergos Institute Flickr

Despite a budget hole of $611 million, a court-ordered reform of Oklahoma’s child welfare system will be funded for the 2016 fiscal year, the chairmen of the Legislature’s budget-writing committees said Monday.  

State Sen. Clark Jolley, R-Edmond, said the Department of Human Services’ Pinnacle Plan would be funded for the next fiscal year.

“It’s not up for debate,” said Jolley, chairman of the Senate’s Appropriations Committee. “The Pinnacle Plan will be funded.”

Rep. Earl Sears, R-Bartlesville, who is House budget chair, agreed.

Read more
It's All Politics
4:32 pm
Mon January 26, 2015

The CBO's Good News, Bad News Economic Report

Congressional Budget Office Director Douglas W. Elmendorf holds a briefing for reporters on the CBO's updated budget and economic outlook on Monday on Capitol Hill.
J. Scott Applewhite AP

Originally published on Mon January 26, 2015 6:58 pm

The federal deficit is on track to its lowest level as a percentage of the economy since 2007, and the economy is stronger than expected.

That's the good news from the nonpartisan Congressional Budget Office's new economic outlook released Monday. "Economic activity will expand at a solid pace in 2015 and over the next few years — reducing the amount of underused resources, or 'slack,' in the economy," the report said.

Read more
Business and Economy
3:54 pm
Wed January 7, 2015

State Treasurer Reports Tax Revenues Grew In 2014

Credit Joe Wertz / StateImpact Oklahoma

Oklahoma's treasurer says the state's economy performed well to close out 2014, but that continued low oil prices will eventually start to drag down other sources of revenue like income and sales taxes.

Treasurer Ken Miller released figures on Wednesday that show overall collections by the state in December and in 2014 exceeded those from the prior year. But he warned that December oil and gas production taxes reflect oil field activity from October, when oil prices were around $85 per barrel.

Read more
2014 Elections
10:52 am
Fri October 3, 2014

Oklahoma Gubernatorial Candidates Focus On Education, State Finances In Debate

Democratic gubernatorial nominee and state Rep. Joe Dorman (D-Rush Springs) and Republican incumbent Gov. Mary Fallin during the October 2, 2014 debate at Oklahoma State University.
OStateTV

Incumbent Republican Gov. Mary Fallin and Democratic state Rep. Joe Dorman of Rush Springs faced off Thursday night at Oklahoma State University in Stillwater in the only scheduled gubernatorial debate before the November 4 elections.

The two candidates focused on education and public safety issues and sparred over the current administration's handling of the economy.

Read more
Education
7:07 pm
Wed July 23, 2014

Oklahoma Schools Get 1.2 Percent Increase In Per-Pupil Funding

Credit Nick Conroy / Oklahoma Watch

Oklahoma schools are receiving their allocation for the new fiscal year, and districts are receiving an increase of about $38 per student.

The state Department of Education announced Wednesday it has released its allocations to school districts for the 2015 fiscal year.

The initial allocation is $3,077 per student, compared to $3,039 last year.

A budget agreement reached between Gov. Mary Fallin and the Oklahoma legislature this year resulted in an $80 million increase in funding for common education.

Read more
State Capitol
9:38 am
Tue May 20, 2014

Oklahoma Lawmakers Eye Budget, Hope For Adjournment This Week

State Sen. Clark Jolley (R-Edmond), the chair of the Senate Appropriations Committee, and Senate President Pro Tem Brian Bingman (R-Sapulpa)
Credit Kurt Gwartney / KGOU

Oklahoma lawmakers are preparing to take up budget bills for the upcoming year as they look toward an early adjournment of the 2014 Legislature.

Members of the House and Senate return to the Capitol Tuesday afternoon to consider enacting a budget for the fiscal year that begins July 1.

The Senate was expected to take up the fiscal year 2015 general appropriations bill Monday but did not do so, while a number of other measures won approval on the floor.

Read more
State Capitol
11:37 am
Sun March 30, 2014

At Legislative Midpoint, Negotiations To Begin On Oklahoma Budget, Policy

House Speaker Jeff Hickman (R-Fairview) at Gov. Mary Fallin's State of the State address - February 3, 2014.
Credit Joe Wertz / StateImpact Oklahoma

Oklahoma's governor and Republican legislative leaders agree in principle on cutting taxes, a multi-million dollar overhaul of the Capitol and revamping the pension system for state workers, but each side has different ideas on the specifics.

Read more
Politics
1:40 pm
Sun December 22, 2013

Pension Cut Angers Senate's Staunchest Military Supporters

Sen. Kelly Ayotte, R-N.H., left, is urging her Senate colleagues to change the budget proposal that cuts retirement benefits for current and future military retirees.
Susan Walsh AP

Originally published on Sun December 22, 2013 1:33 pm

In the two-year, $2 trillion budget deal that cleared the Senate last week, one item, worth just one-sixth of 1 percent of that total, was the reason many senators said they voted against it.

That item would produce some $6 billion in savings by shaving a percentage point off annual cost-of-living adjustments, and it would apply only to military pensions. Not all military pensions — just the retirement paid to veterans younger than 62.

Read more
Politics and Government
5:37 pm
Thu December 12, 2013

Oklahoma Delegation Splits On Budget Agreement

U.S. Rep. Tom Cole (R-Okla.) speaking on the House floor in support of the Bipartisan Budget Act of 2013 - December 12, 2013.
Credit CSPAN / YouTube

Three members of Oklahoma’s House delegation voted for a budget bill backed by both President Obama, his Democratic allies and a big majority of the chamber's Republicans.

The 332-94 vote sends the measure to the Senate, where Republicans are more skeptical. But the Democratic-led chamber appears sure to adopt the measure next week and send it to Obama for his signature.

U.S. Rep. Tom Cole (R-OK4) says House Budget Committee Chairman Rep. Paul Ryan (R-WI) and Senate Budget Committee Chairman Patty Murray (D-WA) managed to find a budget compromise that will restore regular order.

Read more

Pages