FY 2020 Budget Highlights

Without accounting for inflation, next year’s appropriations will be the largest in state history, surpassing the $7.567 billion budget in FY 2019. When adjusted for inflation, next year’s budget remains 10.2 percent below the budget of FY 2009 and 14.9 percent less than the peak year of FY 2007. [More...]

Increased gross production taxes are fueling state’s revenue boom

Strong oil and gas tax collections, due in substantial part to lawmakers’ willingness in 2017 and 2018 to restore the gross production tax to higher rates, are a major contributor to the state’s fiscal health. [More...]

Budget Overview: The rebuilding project continues

Overall, it's best to think of this budget as a second step on what needs to be a long journey. When adjusted for inflation, this budget is still 10.1 percent  below the FY 2009 level. Over half of state agencies still have lower budgets than they did in FY 2009 without accounting for inflation. [More...]