Budget surplus to trigger scramble for spending in Oklahoma

 

December 20, 2018



OKLAHOMA CITY (AP) — A rebounding economy and a boom in the state's oil patch is leading to record revenue collections in Oklahoma, but the state's newly elected governor cautioned lawmakers and agency leaders on Wednesday that a $612 million surplus is "not a blank check."

Gov.-elect Kevin Stitt made the comments after the state's Board of Equalization certified a record $8.2 billion in revenue available for lawmakers to spend on next year's budget. That represents an increase of about $612 million over the current year's spending levels.

"Our economy is starting to take off, unemploymen...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Our Family of Publications Includes:

Arc
Newsgram

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024