Oklahoma Governor says state budget shortfall is $416M

OKLAHOMA CITY (AP) — Gov. Kevin Stitt says the state’s revenue failure caused by dwindling revenue collections is projected to be $416 million this year.

A panel led by Stitt will meet on Monday to declare a revenue failure, and the Legislature will convene to help shore up the budget. The hole in the budget is even bigger than budget officials projected earlier this week.

So far, 988 people have tested positive for the coronavirus in Oklahoma and 38 have died. Among those who tested positive are a Tulsa police officer and a state prison worker.