A state board OKs final figures for the 2012 fiscal year budget.
NewsOK
BY MICHAEL MCNUTT mmcnutt@opubco.com
Published: June 18, 2011
Changes in state laws, which among other things beef up tax collection efforts, will produce an additional $7.7 million that will be available for lawmakers when they return in session next year, a state budget board determined Friday.
Legislators will be able to use the money for emergency, or supplemental, funding to agencies in danger of running out of money before the end of the next fiscal year, state Finance Director Preston Doerflinger said.
Lawmakers also have the option of holding onto the money and either appropriating it to agencies for the 2013 fiscal year or depositing it in the state's depleted savings account, he said.
The overall $6.5 billion state budget package for the 2012 fiscal year, which starts July 1, basically remains the same... FULL ARTICLE
Posted on
Sat, June 18, 2011
by John Cox