Officials reach deal on state budget

Ponca City Now - May 20, 2015 7:57 am

OKLAHOMA CITY (AP) – Republican leaders in the Oklahoma House and Senate have reached agreement with Gov. Mary Fallin on a roughly $7.1 billion budget for the upcoming fiscal year that will be slightly less than the current year’s budget.

By taking funds from the state’s Rainy Day Fund, Unclaimed Property Fund and agency revolving accounts, House Speaker Jeffrey Hickman said Tuesday that budget writers managed to close nearly the entire $611 million shortfall in this year’s budget.

Funding for public schools remains flat at about $2.5 billion, and the state Department of Health was also unharmed. Colleges and universities will be cut by about 2.4 percent.

While many state agencies will receive cuts of around 7 percent, the Oklahoma Health Care Authority and Department of Corrections both will get modest increases.

 

Latest Stories

NOC Seeking Distinguished Alumni Nominations

  Northern Oklahoma College is seeking nominations for the 2023 NOC Distinguished Alumni Award. Nominations are...

Online Fundraiser Set Up to Help Edmond Police Officer on Life Support

OKLAHOMA CITY – An online fundraiser has been set up to help an Edmond police officer who is on...

Oklahoma Judge Rules Man Competent to be Executed This Month

McALESTER, Okla. (AP) — An Oklahoma judge ruled Tuesday that a man on death row for...