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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.
The FY 2025 agreement, which lawmakers decided on Wednesday, sets the Oklahoma State Department of Education’s budget at $3.86 billion. On its face, it looks like a cut from the agency’s ...
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.
Treat, who outlined the plan in an interview with the Oklahoman, said the public transparency effort will dramatically change the way the Senate develops a state budget. “It’s a whole ...
The Oklahoma State Budget for Fiscal Year 2014, is a spending request by Governor Mary Fallin to fund government operations for July 1, 2013–June 30, 2014. Governor Fallin proposed the budget on February 4, 2013. This was Governor Fallin's third budget submitted as governor.
Baseline budgeting is an accounting method the United States Federal Government uses to develop a budget for future years. Baseline budgeting uses current spending levels as the "baseline" for establishing future funding requirements and assumes future budgets will equal the current budget times the inflation rate times the population growth rate. [1]
Oklahoma Legislature’s top budget officials plan a cautious approach to spending for the next fiscal year, even with more available to spend.
A government's budget is a comprehensive financial plan that outlines its priorities and objectives for a given period. As a policy document, a government's budget is designed as a plan for implementing its policy. Traditionally, budgets served as a more rigid tool to implement policy in a retrospective setting.