Oklahoma Legislature Sees $212 Million Increase in State Budget - KATV - Breaking News, Weather and Razorback Sports

Oklahoma Legislature Sees $212 Million Increase in State Budget

Posted: Updated:

The Oklahoma Legislature will have $7 billion in revenue to spend on the coming fiscal year's budget, an increase of $212 million over what was appropriated last year.

The State Board of Equalization approved the final figures on Tuesday, giving legislators the final amount they will have to appropriate to various agencies and programs for the fiscal year that begins July 1.

Gov. Mary Fallin says her priorities for the additional revenue are increased funding for common education and cut in the personal income tax rate.

As a result of the Tuesday's certification, state finance officials are projecting a surplus of $83 million will be deposited into the state's Rainy Day Fund. That July deposit will increase the amount in the constitutional reserve fund to $660 million, an all-time record.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most Popular

Stories
Videos
loading...
  • Most Popular StoriesMost Popular StoriesMore>>

  • Watch thieves steal 21 guns in less than 40 seconds

    Watch thieves steal 21 guns in less than 40 seconds

    Thursday, July 31 2014 7:32 PM EDT2014-07-31 23:32:05 GMT
    (KATV)-A pair of robbers broke into a White Hall hunting store and stole 21 guns in less than 40 seconds, according to police.More >>
    (KATV)-A pair of robbers broke into a White Hall hunting store and stole 21 guns in less than 40 seconds, according to police.More >>
  • Metro Radar

    Metro Radar

  • Trauma in the ER: Inside the life of a resident doctor

    Trauma in the ER: Inside the life of a resident doctor

    Thursday, July 31 2014 11:36 PM EDT2014-08-01 03:36:25 GMT
    LITTLE ROCK (KATV) - The state's only level one trauma center for adults also seconds at the state's only teaching hospital. That hospital is of course the University of Arkansas Medical Center in coordination with the University of Arkansas School for Medical Sciences. In part two of a three-part series, KATV's Matt Mershon takes a closer look at what it's like to be a resident doctor at UAMS.More >>
    LITTLE ROCK (KATV) - The state's only level one trauma center for adults also seconds at the state's only teaching hospital. That hospital is of course the University of Arkansas Medical Center in coordination with the University of Arkansas School for Medical Sciences. In part two of a three-part series, KATV's Matt Mershon takes a closer look at what it's like to be a resident doctor at UAMS.More >>