Actions

Revenue numbers show mixed bag for Oklahoma budget

Posted: 12:05 PM, Feb 20, 2018
Updated: 2018-02-20 18:08:41Z
Revenue numbers show mixed bag for Oklahoma budget

OKLAHOMA CITY (AP) -- Revenue collections are continuing to climb as Oklahoma emerges from an economic recession, but finance officials say state legislators still will have a $167 million hole to fill in next year's budget because of increasing obligations.

A state panel led by Gov. Mary Fallin on Tuesday authorized $7 billion for the Legislature to spend in the fiscal year that begins July 1. That's an increase of $104 million over what was spent on the current year's budget. But that figure doesn't include about $270 million in new obligations, including $110 million to cover a loss of federal funding for state medical schools.

Fallin also said she expects to sign a spending bill approved Monday in the House to impose across-the-board cuts to state agencies for the current fiscal year.

Stay in touch with us anytime, anywhere.

Download our free app for Apple and Android  and Kindle devices.

Sign up for  newsletters emailed to your inbox. Select from these options: Breaking News, Severe Weather, School Closings, Daily Headlines and Daily Forecasts.

Follow us on Twitter

Like us on Facebook