Oklahoma agencies receiving $34.6 million in leftover cash
July 21, 2017
OKLAHOMA CITY (AP) — Oklahoma's finance secretary says cash-strapped state agencies will receive $34.6 million in leftover cash from the previous year.
The Oklahoman reports (http://bit.ly/2tkfzpV ) that the revenue had not been allocated when the previous fiscal year ended on June 30. The funds will replenish spending cuts triggered at state agencies in February when revenue estimates indicated collections would fall below estimates.
While the revenue will provide some relief, Finance Secretary Preston Doerflinger said Thursday revenue collections were below the fiscal year's estimates a...