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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.
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). 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.
When the government spends more than it brings in, it runs a Budget Deficit that year. [17] In order to pay for the extra spending, governments issue debt. Government debt is the amount of money credited from individuals, firms, foreign entities as well as the federal government itself through the federal reserve system. [ 8 ]
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 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.
VA officials are asking for a budget increase to cover a projected $15 billion shortfall, but their own numbers and estimates contradict what they are asking for and why, and solutions such as ...
The Oklahoma State Budget for Fiscal Year 2015, is a spending request by Governor Mary Fallin to fund government operations for July 1, 2014 – June 30, 2015. Governor Fallin proposed the budget on February 3, 2014. This was Governor Fallin's fourth budget submitted as governor.
The Senate budget plan is just a starting point for negotiations with the House on spending priorities and how much should be held in reserve Tax cuts and flat budgets: What's next for lawmakers ...