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Oklahoma’s budget has country’s biggest deficit

BY RANDY KREHBIEL - Tulsa World Modified: December 20, 2009 at 8:51 am •  Published: December 20, 2009
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Only a few months removed from being declared "recession-proof” by national media, Oklahoma faces the largest state budget deficit in the nation, according to a report given by the National Conference of State Legislatures.

The conference’s November update of state budgets says Oklahoma’s 18.5 percent shortfall for the current fiscal year edges out Arizona’s 18 percent, with Illinois, at 16.5 percent, in third.

All told, states pared $145.9 billion from their fiscal year 2010 budgets compared with 2009.

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