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The Oklahoma Capitol will be the scene Monday of an unusual summit conference called by Gov. Kevin Stitt to forge an agreement on a new state budget.
Though it's doubtful that the FY 2025 budget will contain a second tax cut, the FY 25 budget will fund state government for the next year and, in the process, hold back a few billion, just in case ...
Senate Pro Tem Greg Treat discusses the new budget process the Senate will undertake during the 2024 Legislative Session during a press conference at the state Capitol, Monday, Dec. 4, 2023.
Delegations from Oklahoma's Senate and House of Representatives launched their week with another budget "summit" in an effort to finalize a state budget for the 2025 fiscal year.
The Budget of the State of Oklahoma is the governor's proposal to the Oklahoma Legislature which recommends funding levels to operate the state government for the next fiscal year, beginning July 1. Legislative decisions are governed by rules and legislation regarding the state budget process.
As of fiscal year 2017, the Secretary of Finance, Administration and Revenue oversees 2998 full-time employees and is responsible for an annual budget of $938,273,144.63 (not including assets of the retirement systems, which increases the overall oversight to closer to $31,550,000,000).
This is expected to be the second consecutive increase to Oklahoma public school funding. Here's a look at how the money will be spent. Oklahoma plans to spend billions on education.
In September 2023, he drew media attention for sending emails to directors of state agencies reminding them Stitt encouraged to agencies to not file incremental budget requests in 2025. [6] After Oklahoma Attorney General Gentner Drummond released an AG opinion on dual office holding that caused Tim Gatz resignation, Laws maintained his ...