By:
Paul Shinn
June 2, 2020 // Updated: July 10, 2020
State agencies will be appropriated a total of $7.715 billion in FY 2021. This is a decrease of $283.2 million (3.5 percent) compared to the initial FY 2020 budget approved last May, and just $46 million (0.6 percent) above FY 2019 (see Figure 1).
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In what was likely the most unusual — and contentious — budget process in state history, the Legislature passed the state budget for FY 2021, which starts on July 1. Most allocations to agencies are in the state’s General Appropriations bill (SB 1922), which the Legislature passed despite the Governor’s veto.
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By:
Paul Shinn
April 3, 2020 // Updated: April 7, 2020
The economic slowdown resulting from the spread of COVID-19 will have significant and harmful impacts on our state’s budget. However, it’s essential that we do our best to understand the possible implications and be ready to respond quickly.
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By:
Paul Shinn
March 26, 2020 // Updated: March 28, 2020
The State of Oklahoma has $1.035 billion in three savings accounts. Oklahoma has the resources to act quickly.
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By:
Paul Shinn
February 26, 2020 // Updated: February 27, 2020
We cannot save our way to better education, health, and economic outcomes. Prosperity comes from wise investments based on actual need.
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By:
Paul Shinn
September 12, 2019 // Updated: September 12, 2019
In the coming years, state leaders will have to address short-term needs to support programs that improve Oklahomans’ health, safety, careers, and infrastructure, even as they face a growing long-term structural budget deficit.
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By:
Paul Shinn
July 17, 2019 // Updated: July 18, 2019
Over the past decade, all agencies faced repeated and serious budget cuts, but small agencies were hit hardest, with many seeing their state funding cut by 20 to 50 percent.
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By:
David Blatt
June 12, 2019 // Updated: June 19, 2019
Thanks to last year's revenue increases and a strong economy, fueled especially by booming oil and gas revenues, lawmakers entered the 2019 session looking at a large budget surplus It was clear from the start that tax policy would be far less prominent and contentious than in past years.
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By:
Gene Perry
June 6, 2019 // Updated: June 7, 2019
For a second year in a row, the budget approved by Oklahoma lawmakers increases funding significantly from the year before. However, for much of state government, there is still a long way to go before Oklahoma restores funding to where…
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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.
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