Facebook Twitter K1-TEXT Email Print

News

government

Posted: May 03, 2015 8:49 AMUpdated: May 03, 2015 8:49 AM

Legislature Working on Budget

Share on RSS

 

AP/Dave Wooddell

 For the second straight year, Oklahoma's budget writers are scrambling to fill a significant shortfall in the state budget for the upcoming year as lawmakers enter the final month of the 2015 legislative session.
 
     Budget negotiators face a $611 million budget hole and are expected to rely on a combination of one-time revenue sources, an appropriation from the state's constitutional Rainy Day Reserve Fund and targeted budget cuts to state agencies to balance the budget.
 
     Last year, lawmakers faced a $188 million shortfall that was filled with money from state agency cash reserve accounts and budget cuts to craft a $7.1 billion budget.
 
     Officials say they're working to avoid harsh budget cuts to agencies that provide fundamental services to Oklahomans including education, health and human services, public safety and transportation.
 


« Back to News