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Oklahoma budget agreement for 2010 fiscal year lacks specifics

Oklahoma budget agreement for 2010 fiscal year lacks specifics

NewsOK

By SEAN MURPHY, Associated Press Writer

Published: February 4, 2010

Late last month, Gov. Brad Henry announced that he and leaders in the House and Senate had agreed on a plan to close a nearly $1 billion hole in the current fiscal year's budget, but details about where that money will come from remain murky.

Henry, House Speaker Chris Benge and Senate President Pro Tem Glenn Coffee apparently don't agree on how much to spend from the state's constitutional Rainy Day Fund, a state savings account that has a balance of nearly $600 million.

Henry has proposed spending $485 million from the fund to help close the gap in the current budget year that ends June 30. Lawmakers need to come up with about $530 million — the rest will be absorbed through across-the-board cuts to agency budgets that average about 7.5 percent each.

Under the agreement, supplemental funding would be provided to ease those cuts for education, health care and the state prison system... FULL ARTICLE

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