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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.
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.
The senator’s plan effectively eliminates what has been affectionately known at the Legislature as a ‘woolybogger’ – a hidden line-item that’s quietly attached to a budget bill late in ...
This is expected to be the second consecutive increase to Oklahoma public school funding. Here's a look at how the money will be spent.
The state budget process has grown more secretive in recent years, where most lawmakers, even in the majority party, are largely out of the loop. Oklahoma budget process can be mysterious, even ...
The final plan, [34] released on December 1, 2010, aimed to reduce the federal deficit by nearly $4 trillion, stabilizing the growth of debt held by the public by 2014, reduce debt 60 percent by 2023 and 40 percent by 2035. Outlays would equal 21.6 percent of GDP in 2015, compared to 23.8 percent in 2010 and would fall to 21.0 percent by 2035.
Oklahoma's budget-making process — now open to public view — has proven contentious, with some progress. ... which could go back into the Senate's plan to hold back $1 billion in cash.