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Oklahoma leaders order 10 percent budget cuts

Oklahoma leaders order 10 percent budget cuts

BY JULIE BISBEE - Capitol Bureau

The Oklahoman

Published: December 15, 2009

State agencies will see their budgets cut by 10 percent after preliminary reports that November revenue collections were down 30 percent from the previous year, according to figures released by the state treasurer's office this afternoon.

Cuts to state agencies allocations will increase from 5 percent to 10 percent for the month of December. State leaders warned that the cuts may continue in the next month. State leaders will know how deep January allocations will be cut after the State Board of Equalization certifies estimates. General revenue collections for November were $316.4 million.

That's down $139 million from the previous year and 25.1 percent below estimates for November collections. So far this year, the state has collected $1.797 billion. That is $717.1 million, or 28.5 percent, less than the prior year and $577.5 million of 24.3 percent below the estimate.

Gov. Brad Henry, Speaker of the House Chris Benge and Senate President Glenn Coffee agreed to address and fund the current shortfall in common education budgets. Schools have been forced to do larger cuts than other agencies because a decline in state revenue collections and collections for another fund that helps pay for education...FULL ARTICLE

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