Key revenue bills Oklahoma lawmakers passed for 2018 budget
May 28, 2017
OKLAHOMA CITY (AP) — Following are some of the key revenue bills that helped lawmakers balance the budget for the fiscal year that begins July 1 and avoid major cuts to state agency budgets.
SB842 — appropriates $60 million from the constitutional Rainy Day Reserve Fund to the state Board of Education for public schools.
SB845 — generates about $258 million by creating a cessation fee on cigarettes that assesses a fee of $1.50 per pack of cigarettes to be paid by the wholesaler.
SB867 — generates about $9 million through expanding the use of long-lateral drilling of oil and natural...