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The budget crisis of the 2011 Oklahoma state budget caused the Oklahoma State Treasurer's Office to estimate that the 2012 budget would see a $600 million budget shortfall. Following the December 2010 meeting of the Oklahoma State Board of Equalization, the Board certified that the 2012 budget would see a shortfall of $400 million from 2011 levels.
Senate Pro Tem Greg Treat discusses the new budget process the Senate will undertake during the 2024 Legislative Session during a press conference at the state Capitol, Monday, Dec. 4, 2023.
In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
The Senate plan allocates $5.5 billion for education, $2.2 billion for health and social services and a cut in the state's portion of the grocery tax.
With barely a week left, little movement has been made on a new budget for Oklahoma. Gannett. M. Scott Carter, The Oklahoman. May 22, 2024 at 7:04 AM.
The Budget of the State of Oklahoma is the governor's proposal to the Oklahoma Legislature which recommends funding levels to operate the state government for the next fiscal year, beginning July 1. Legislative decisions are governed by rules and legislation regarding the state budget process.
Though it's doubtful that the FY 2025 budget will contain a second tax cut, the FY 25 budget will fund state government for the next year and, in the process, hold back a few billion, just in case ...
In February 2016 at the opening of the Oklahoma Legislature's session, Fallin proposed $200 million in increased taxes to deal with an anticipated budget shortfall of at least $900 million for fiscal year 2017, [64] which Fallin said was the largest budget hole in state history. [70]