Early projections show $612M surplus for Oklahoma in 2019
December 19, 2018
OKLAHOMA CITY (AP) — Early projections from state finance officials show Oklahoma's newly elected governor and Republican-led Legislature will have a budget surplus of close to $612 million for the upcoming fiscal year.
Preliminary figures from the Office of Management and Enterprise Services show the state is expected to certify $8.2 billion in funds available for the Legislature to spend in the budget year that begins July 1. That's an 8 percent increase over the current state budget.
The increase is due in part to an improving state economy and increased oil and natural gas production....