Final figures for Oklahoma state budget approved
Oklahoma lawmakers will have about $213 million more than a year ago to develop a $7.04 billion budget.
Oklahoma legislators will have $34 million more to appropriate this year than the amount the governor used in her budget, according to figures approved Tuesday by a state budget board.
In all, lawmakers will have about $213 million more than a year ago to craft a state budget of $7.04 billion.
Gov. Mary Fallin said she would like some of the extra money to go toward education, especially public schools, and to help pay for her proposed quarter percent cut in the state's top personal income tax rate of 5.25 percent.
“I'm still hoping that we'll be able to give taxpayers some relief by a tax cut this year,” she said. “But there are some other agencies that need some help, such as education.”
The Board of Equalization, made up of several state officials, agreed that lawmakers this year will have $7.04 billion to appropriate to run state government for the 2014 fiscal year, which starts July 1.
Oklahoma also receives about $6.9 billion in federal money and collects another approximately $5 billion in fees.
The board in December approved an estimate that lawmakers would have $7.05 billion to appropriate for the 2014 fiscal year. The December estimate is made so the governor can develop a budget to present to legislators in early February to kick off the four-month legislative session
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