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Governor Holding Meeting on Finances

Posted at 8:33 AM, Apr 06, 2020
and last updated 2020-04-06 10:04:26-04

Governor Kevin Stitt. is holding a special session to address the ongoing health crisis.

Last week, we told you how the Governor declared a Health Emergency for the entire state of Oklhoma.

The order allows health care professionals who no longer practice, to return to the front lines against COVID-19.

And protects first responders by helping them manage their personal protective equipment.

Governor Stitt will hold a meeting to discuss tapping into the State's rainy day fund.

He says because of coronavirus, the state will loose $416 million for the remainder of the fiscal year, which ends in June.

The rainy day fund has a balance of $806 million, with $302 million of that constitutionally available to supplement fiscal year losses.

And because the Governor has issued a State of Emergency, an additional $201 million could be freed up.

The session to confirm the declaration, and when it takes effect, will happen at 8 a.m.

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