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Panel revises Oklahoma revenue projections by $37.8 million (PRESS RELEASE)

Panel revises Oklahoma revenue projections by $37.8 million (PRESS RELEASE)

KOCO.com
Updated: 1:55 PM CST Feb 20, 2019
Associated Press

OKLAHOMA CITY — The Oklahoma Legislature will have $37.8 million less to spend than was forecast just two months ago after the state Board of Equalization certified an $8.2 billion budget Wednesday that still represents a major increase over the current one.

Although lacking some of the extra money initially projected, the state's budget would see a $574.5 million hike after years of declining revenue that led to cuts to education, health and other state agencies.

Republican Gov. Kevin Stitt, who chairs the six-member board that provides the revenue estimates, called the report "encouraging."

"My budget priorities for FY 2020 remain the same. My number one focus is on improving our state's savings and delivering agency accountability," Stitt said. "I look forward to working with the Legislature this session to get this done." FULL ARTICLE

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