More than $140 million available to return to Oklahoma agencies

Ponca City Now - July 28, 2016 9:30 am

OKLAHOMA CITY (AP) – Oklahoma finance officials say more than $140 million can be reallocated to state agencies because mid-year budget cuts that were ordered amid a revenue downturn were deeper than necessary.

The Office of Management and Enterprise Services announced Wednesday that it determined $140.8 million is available for reallocation following the fiscal year that ended June 30.

Gov. Mary Fallin says she's talking to legislative leaders about the possibility of a special session to consider using the money as part of a teacher pay raise package, although specific details haven't been worked out.

Without a special session, Office of Management and Enterprise Services Director Preston Doerflinger says the money would be equally distributed among agencies that received general revenue allocations.

 

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