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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.
Oklahoma legislators, Gov. Kevin Stitt have both called for more budget transparency. The senator’s plan effectively eliminates what has been affectionately known at the Legislature as a ...
The agency has cited the PACT Act, a landmark law passed with bipartisan support in 2022, as the key driver behind the budget shortfall, pointing to increases in enrollment in VA health care ...
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.
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 Oklahoma State Budget for Fiscal Year 2011, is a spending request by Governor Brad Henry to fund government operations for July 1, 2010–June 30, 2011. Governor Henry and legislative leader approved the budget in May 2010. This was Governor Henry's eight and final budget submitted as governor.
Oklahoma Legislature’s top budget officials plan a cautious approach to spending for the next fiscal year, even with more available to spend.
A budget surplus means the opposite: in total, the government has removed more money and bonds from private holdings via taxes than it has put back in via spending. Therefore, budget deficits, by definition, are equivalent to adding net financial assets to the private sector, whereas budget surpluses remove financial assets from the private sector.