Another year, another budget hole for lawmakers to address

The Associated Press - December 19, 2016 12:44 pm

OKLAHOMA CITY (AP) – Oklahoma budget writers are bracing for yet another gaping hole to work around for the upcoming fiscal year.
It’s the third consecutive year with a significant shortfall.
Officials estimate a $600 million deficit for the budget that will pay for public safety, health care and infrastructure starting July 1.
The 2017 fiscal year deficit, as well as last year’s $1.3 billion shortfall and $611 million one the year before, are all due to lower revenue from oil and natural gas production and the impact of various tax cuts and deductions.
State Treasurer Ken Miller suggests that lawmakers don’t look toward using more sources of one-time money.
Lawmakers have said they want to provide raises for teachers and state workers despite the budget troubles.

 

Latest Stories

Wrestler Kyle Snyder looks to become fourth American to win two Olympic gold medals

By CLIFF BRUNT AP Sports Writer (AP) — Kyle Snyder already has one of the best...

Judge’s order expands where Biden can’t enforce a new rule protecting LGBTQ+ students

By JOHN HANNA Associated Press TOPEKA, Kan. (AP) — Enforcement of a federal rule expanding anti-discrimination...

Biden heads into a make-or-break stretch for his imperiled presidential campaign

WASHINGTON (AP) — President Joe Biden on Thursday opened a critical stretch in his effort to salvage his imperiled reelection campaign, facing...