$600 million deficit expected for state budget
The Associated Press - December 15, 2016 10:09 am
OKLAHOMA CITY (AP) – Oklahoma Gov. Mary Fallin says early projections are that the Legislature will have to grapple with a deficit of as much as $600 million in next year’s budget.
Fallin said Wednesday that she expects a shortfall of between $500 million to $600 million, or nearly 10 percent of state spending, when the State Board of Equalization meets next week to certify available revenues.