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Changes needed to repair Oklahoma's budget woes, expert says

Changes needed to repair Oklahoma's budget woes, expert says

NewsOK

BY MICHAEL MCNUTT

Published: March 26, 2010

EDMOND — State government is facing a catastrophe in the upcoming fiscal year unless more revenue can be found to offset an estimated shortfall of $850 million, a fiscal analyst said Thursday.

"We’ve been able to avoid the apocalypse up until now,” David Blatt, director of the Oklahoma Policy Institute, a state policy think tank, said.

"If we’re going to avoid a sort of catastrophe, we need additional revenue to close that gap,” Blatt said after taking part in a panel discussion on the state’s budget sponsored by the University of Central Oklahoma Policy Institute.

Lawmakers and Gov. Brad Henry, who proposed about $725 million in revenue enhancements in his budget, should tell residents ways to increase revenue or cut expenses, as well as the implications to state services and employees if no new sources of state revenue are found, Blatt said... FULL ARTICLE

 

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