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Hope springs eternal in governor’s budget plan

Hope springs eternal in governor’s budget plan

OUR VIEWS: 2011 projections merit skepticism

NewsOK
The Oklahoman Editorial

Published: February 3, 2010

Say this for Gov. Brad Henry and his financial team — they certainly hold high hopes that they’ll be able to come up with huge sums of money needed to ease the pain during fiscal year 2011.

Henry presented his budget Monday after telling the Legislature that surgical cuts and sacrifice will be needed to get through this very serious financial crunch. He forgot to mention big dreams.

The state Tax Commission estimates that lawmakers will have about $5.3 billion to spend in FY 2011 — the lowest amount in several years, and about $1.3 billion less than what was appropriated for the current fiscal year. Henry’s proposed budget is based on having $6.9 billion to spend. How?

Some of the gap would be filled with Rainy Day Fund money and federal budget stabilization funds. Further cuts to state agencies will generate savings. Henry suggests 3 percent cuts to most agencies, with a few (corrections, public education, Department of Human Services among them) being trimmed by 0.5 percent... FULL ARTICLE

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