state budget

Oklahoma News
6:53 pm
Thu July 10, 2014

Aeronautics Commission Concerned About Legislature's Raid Of Their Fee-Based Fund

Credit P. Alejandro Díaz / Wikipedia Commons

Oklahoma Aeronautics Commission members expressed concern about a $3 million withdrawal from the agency’s revolving fund by the Legislature. The agency’s revolving fund was one of several lawmakers tapped for funds to appropriate for fiscal year 2015.

Aeronautics Commission Executive Director Vic Bird noted the agency was the only one from which money was taken that does not receive appropriated funds. He said the general appropriations bill was drafted without input from the commission and the agency received no notice the money would be taken. 

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Corporate Tax Collections Below Forecast
6:52 pm
Tue June 10, 2014

Oklahoma General Fund Collections Trail Estimate

Credit 401(K) 2013 / Flickr Creative Commons

State finance officials say revenue to Oklahoma's main government operating fund trailed the official estimate by more than 5 percent last month, due mostly to lower-than-expected corporate income tax collections.

Oklahoma Secretary of Finance Preston Doerflinger reported Tuesday that General Revenue Fund collections in May totaled about $450 million, which is 5.3 percent below the official estimate.

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State Capitol
7:42 am
Fri May 23, 2014

$7.1 Billion Oklahoma State Budget Awaits Governor Fallin's Signature

State Rep. Scott Martin (R-Norman) debates the budget bill on the House floor Thursday
Oklahoma House of Representatives

The House gave final legislative approval Thursday to a $7.1 billion budget bill to fund state government during the fiscal year that begins July 1.

The measure appropriates about $102 million less than the current year's budget, but would still increase funding for public schools by $80 million.

The legislation also includes a $44 million increase for the Department of Human Services and $36 million for targeted pay raises for thousands of state employees to bring state salaries closer to private sector salaries.

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State Capitol
9:02 am
Wed May 21, 2014

Oklahoma Senate Approves $7.1 Billion Budget Bill For Fiscal Year 2015

State Sen. Clark Jolley (R-Edmond), the chair of the Senate Appropriations Committee.
Credit Oklahoma Senate

The Oklahoma Senate has overwhelmingly approved a $7.1 billion budget bill that funds state government for the fiscal year that begins July 1.

The Senate voted 31-9 Tuesday for the bill that puts into law the agreement reached last week between the Senate, House and governor's office. The measure now moves to the House for final consideration.

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Oklahoma Watch
10:47 am
Mon May 19, 2014

$80 Million K-12 Increase May Have Limited Impact On Per-Pupil Funding

Clifton Adcock Oklahoma Watch

Oklahoma could add $80 million to K-12 education funding in a budget deal announced by Gov. Mary Fallin Friday, but it’s unclear how it will impact Oklahoma’s per-pupil funding levels.

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State Capitol
11:38 am
Fri May 16, 2014

Tentative Deal Reached On Oklahoma State Budget

Preston Doerflinger, Office of State Finance director, during a November 2011 tax credit task force meeting.
Credit Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin's chief budget negotiator says a tentative deal has been reached with the House and Senate on a roughly $7 billion budget for the fiscal year that begins July 1.

State Secretary of Finance Preston Doerflinger said Friday details of the plan will be released later in the day after the budget is presented in closed-door meetings with rank-and-file members of the House and Senate.

House Speaker Jeff Hickman says he hopes a bond issue to repair the state's crumbling Capitol is part of the final agreement.

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State Budget
11:37 am
Mon February 24, 2014

Government Budget Hurting Again In Oklahoma

Credit 201(k) 2013 / Flickr.com

The Oklahoma Policy Institute says although Oklahoma is now several years removed from the worst of the fiscal crisis that accompanied the Great Recession, the state continues to face significant budget challenges.

Funding levels have never fully recovered to pre-downturn levels, revenue collections are falling again, and the resources to address critical state needs are lacking.

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State Capitol
8:21 am
Mon February 24, 2014

Oklahoma's Dept. Of Human Services Needs $33 Million This Year

Oklahoma DHS Director Ed Lake
Credit Oklahoma Dept. of Human Services

The director of Oklahoma's Department of Human Services is asking lawmakers to appropriate almost $33 million in state tax dollars to operate the agency through the end of June.

DHS director Ed Lake will discuss the supplemental funding request on Monday at a meeting of the House Appropriations and Budget Subcommittee on Human Services.

In a letter to state officials, Lake says the agency has encountered several funding problems since the 2013 legislative session, when lawmakers approved the agency's budget for the fiscal that ends June 30.

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State Capitol
9:33 am
Tue February 11, 2014

Oklahoma House Income Tax Cut Bill Advances

A fiscal analysis of the income tax cut bill shows it would take $844 million out of the state budgeting process annually when fully implemented.
Credit 201(k) 2013 / Flickr.com

A plan to deeply slash the state's income tax from 5.25 percent to 4 percent during the next four years has cleared its first hurdle.

The House Appropriations Subcommittee on Revenue and Taxation voted 10-3 Monday to approve the bill, which now heads to the full Appropriations Committee for consideration.

The bill by Mustang Republican Representative Leslie Osborn would cut the tax rate to 4.75 percent in 2015, then reduce the rate by .25 percent each year until it reaches 4 percent in 2018.

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State Capitol
8:00 am
Tue January 21, 2014

Oklahoma Budget Briefings To Focus On Cuts

Credit ana branca / Flickr Creative Commons

Oklahoma legislators will begin budget briefings with various state agencies amid projections they will have about $170 million less to spend on state programs this year.

Members of House and Senate budget subcommittees will begin hearing presentations on Tuesday at the state Capitol.

State Sen. Kim David chairs the subcommittee that oversees funding for health and human services. She and her counterpart on the House subcommittee will meet with officials from nearly a dozen state agencies over the next two days.

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