OKPOLICY.ORG
Oklahoma has now joined the vast majority of states that are projecting shortfalls for the upcoming budget year. As Governor Henry prepares to deliver his FY ’10 Executive Budget for the opening of the 2009 legislative session next week, OK Policy is releasing a new issue brief that explores the state’s options for keeping expenditures aligned with revenues during the tough budget times ahead.
We conclude that while some level of budget cuts may prove inevitable in the current situation, the state’s Rainy Day Fund, which is at its maximum capacity, and state fiscal relief included as part of a federal economic stimulus package can help minimize the magnitude of budget cuts that will harm the economy and threaten essential public services.
Click here to read the full issue brief or here to read the 1-page summary.
