Skip to Site Navigation | Skip to Content

Cut pension deposits or cut education? Stitt to veto two budget bills

Cut pension deposits or cut education? Stitt to veto two budget bills
By Tres Savage - Monday, May 11, 2020 4642

Despite admitting that his office did not respond to a letter from a legislative appropriations leader seeking collaboration, Gov. Kevin Stitt decried a “he said, she said” argument today about who cut whom out of budget negotiations, and he announced plans to veto two budget bills affecting state retirement systems.

“This has been a very disappointing and contentious session, and I am going to continue to expose what I think is going on and let Oklahomans know the politics inside the building,” Stitt said. “I will not play a part in harming Oklahoma’s teachers. I want Oklahomans to know I am vetoing HB 2741 and HB 2742 which would rob from our teachers’ retirement fund, our law enforcement retirement fund and our firefighters’ retirement fund.”

Passed by the Legislature as part of last week’s budget package, HB 2741 and HB 2742 made temporary and then long-term adjustments to the percentages of state sales, use and income taxes apportioned “off the top” to state pension funds. Neither bill changes the payments that state retirees receive... FULL ARTICLE

No comments (Add your own)

Add a New Comment


Comment Guidelines: No HTML is allowed. Off-topic or inappropriate comments will be edited or deleted. Thanks.