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Oklahoma budget cuts affect subsidies

Oklahoma budget cuts affect subsidies

NewsOK

BY JULIE BISBEE

Published: December 27, 2009

State budget cuts could endanger federal funds that flow into the state, resulting in deeper losses for some programs.

For some programs, a $1 investment in state funds means $3 in federal funds. When state officials cut programs they could be losing federal dollars as well.

"We want to minimize the loss of federal dollars as much as possible,” state Treasurer Scott Meacham said. "But we’re losing some federal dollars already. We don’t know how much at this point.”

Federal funds help pay for services like medical care for veterans, nutrition programs and health care. Those federal dollars are matched with state dollars and when there is a decrease in state aid, federal dollars in some cases flow out of the state... FULL ARTICLE


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