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Slight revenue gain likely

Slight revenue gain likely

 

But the Board of Equalization is still expected to certify less money for state appropriation in 2011.

Tulsa World

By RANDY KREHBIEL World Staff Writer

Published: 2/16/2010 2:24 AM
Last Modified: 2/16/2010 4:04 AM

The hole in Oklahoma's state budget is shrinking, but not by much, state Treasurer Scott Meacham said Monday.

"It's not exactly 'Happy Days Are Here Again,' but it is an improvement," Meacham said.

Briefing reporters in advance of Tuesday's meeting of the Board of Equalization, Meacham said an upturn in energy prices caused the Oklahoma Tax Commission to adjust projected revenues upward by about $60 million for the remainder of the current fiscal year and by $124.8 million for fiscal year 2011, which begins July 1.

It is up to the Board of Equalization, which is made up of the governor and five other elected state officials plus the secretary of agriculture, to certify the amount that can be appropriated by the Legislature. That is expected to be $5.4 billion, in view of the updated estimate, or $1.2 billion less than the original appropriations for the current fiscal year... FULL ARTICLE

 



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