Oklahoma treasurer says limit on account is too low
Oklahoma needs a larger savings account, state Treasurer Scott Meacham said.
The state constitution limits the capacity of the fund to 10 percent of the previous year’s certified general revenue receipts. Gov. Brad Henry tried in 2006 to get the cap raised to 15 percent.
"The Rainy Day Fund is not enough,” said Meacham, the governor’s chief budget adviser. He said the 15 percent cap wo...
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