FY 2021 Budget Highlights

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). [More...]

…and two steps back. First look at the state’s FY 2021 budget and what must happen next

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. [More...]

The state budget is at risk, but how much risk and for how long?

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. [More...]

This is the emergency we’ve been saving for

The State of Oklahoma has $1.035 billion in three savings accounts. Oklahoma has the resources to act quickly. [More...]

Don’t save – Invest!

We cannot save our way to better education, health, and economic outcomes. Prosperity comes from wise investments based on actual need. [More...]

Year-end revenue reports show the way to keep moving Oklahoma forward

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. [More...]

Smaller state agencies get a bigger piece of the budget, but there’s still a ways to go

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. [More...]

End of Session Round-Up: A quiet year in taxes

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. [More...]

New analysis of Oklahoma’s FY 2020 state budget

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… Read more [More...]

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...]