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State budget growth nearly $575 million

State budget growth nearly $575 million

NewsOK
by RANDY ELLIS
Updated: Thu, February 21, 2019 1:26 AM

Bolstered by projected revenues from tax increases, state lawmakers should have about $574.5 million more to appropriate this session than they had last year, according to revenue estimates approved Wednesday by the State Board of Equalization.

That's about $37.8 million less than the board projected in December, but the drop was not as large as many government officials were expecting, in light of a dip in oil and natural gas prices.

Gov. Kevin Stitt called the new revenue projections "encouraging," and said it will enable him to push for the budget plan he announced previously, with a few tweaks.

"It just demonstrates that our state's economy is improving," he said. "The job creators are out there making it happen. Oklahomans are working hard. They're opening businesses." FULL ARTICLE

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