Oklahoma governor touts plan to close $1.3 bln budget hole

Ponca City Now - April 14, 2016 9:24 am

OKLAHOMA CITY (AP) – Gov. Mary Fallin is touting her plan to close a projected $1.3 billion hole in next year’s Oklahoma budget and says she will work with the Legislature over the next six weeks to prevent deep cuts in spending on schools, highways and public safety.

Fallin described her proposals at a press conference Wednesday as "a working draft" for a balanced budget. The Legislature is constitutionally required to adjourn by May 27.

The governor’s proposals include eliminating some existing sales tax exemptions, deductions and credits, issuing about $500 million in bonds to pay for scheduled road and bridge improvements, capping some revenue dedicated to various projects and tapping into some one-time revenue sources

 

Latest Stories

May Testing Goal of 90,000 Exceeded

Oklahoma Exceeds 90,000 Testing Goal for May OKLAHOMA CITY (May 28, 2020) – The Oklahoma State...

Kiefer Man Lands 143-lb Paddlefish – New Record

Kiefer Angler Busts State Record With 143-pound Paddlefish A fishing guide who normally gives clients a...

Lucas Introduces Bill to Protect US Mineral Supply Chains

Lucas Introduces Legislation to Protect U.S. Mineral Supply Chains  Cheyenne, OK – Today, Congressman Frank Lucas (OK-03)...