The Oklahoma State Regents for Higher Education has released their 2023 budget requests for the 2024 fiscal year. The requests are as follows:
FY 2023 BASE APPROPRIATION: $873,405,911
Supplemental Request and Scholarship Base Adjustment: $7,500,000
State budget agreement reached. Republicans prioritize savings, inflation relief, police, economy & more (Senate press release)
OKLAHOMA CITY – Historic state savings deposits and more money returned to taxpayers highlight the Fiscal Year 2023 state budget agreement, which also funds law enforcement at record levels, eliminates the years-long developmentally disabled services waiting list, fights federal overreach, and makes generational investments . . .
Gov. Kevin Stitt proposes $8.3B budget with $300M in savings (The Oklahoman)
Gov. Kevin Stitt wants the state to live within its means in the state budget he has proposed for the fiscal year that begins July 1.
Stitt on Monday unveiled his executive budget proposal for the upcoming fiscal year — an $8.3 billion budget that includes socking away $300 million in state savings accounts.
July 17, 2020: Stitt designates CARES Act education dollars, including private school scholarships (NonDoc)
Oklahoma Gov. Kevin Stitt announced his intentions today for the remaining $30 million of the U.S. Department of Education emergency block grant funding provided for use at his discretion by the CARES Act. Three chunks of education dollars will go to:
April 20, 2020: Oklahoma facing $1.3 billion hole in coming budget year (Tulsa World)
The COVID-19 epidemic and collapse of the global oil markets has dealt a $1.3 billion blow to the state’s revenue outlook for the next budget year, officials said Monday. That’s how much state general revenue is expected to fall in fiscal year 2021, which begins July 1, the state Board of Equalization was told when it met Monday afternoon . . .
April 21, 2020: Long Plagued By Budget Cuts, Oklahoma Educators Bracing For More (KOSU)
With Oklahoma’s state budget facing billions of dollars in shortfalls over the next two years, education cuts are likely. Governor Kevin Stitt said Monday that if the state’s education system is held harmless, it will exacerbate cuts for other agencies statewide. So, lawmakers will have to yet again look at slashing education budgets.
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April 20, 2020: Oklahoma facing $1.3 billion hole in coming budget year (Tulsa World)
The COVID-19 epidemic and collapse of the global oil markets has dealt a $1.3 billion blow to the state’s revenue outlook for the next budget year, officials said Monday. That’s how much state general revenue is expected to fall in fiscal year 2021, which begins July 1, the state Board of Equalization was told when it met Monday afternoon . . .
April 21, 2020: State revenue shortfall declared; $1.3 billion shortfall forecast for next year (The Oklahoman)
Bowing to pressure from state lawmakers, the Board of Equalization, led by Gov. Kevin Stitt, on Monday formally certified a revenue shortfall of $416 million for the current fiscal year. State officials also received a presentation on Oklahoma’s bleak financial picture for the fiscal year that begins July 1, 2020, from the head of the Oklahoma . . .
April 14, 2020: House, Senate sue Board of Equalization over ‘plain legal duty’ to meet (NonDoc)
Leaders of the Oklahoma State Senate and the Oklahoma House of Representatives filed suit today asking the state’s Supreme Court to declare that SB 199 has taken effect and that the Board of Equalization must meet to officially certify a revenue failure.
April 9, 2020: ‘Playing politics:’ Feud over digital transformation stalls funding for FY 2020 (Journal Record)
OKLAHOMA CITY – Gov. Kevin Stitt on Thursday signed two bills designed to continue funding for state government despite a projected major revenue failure triggered by the coronavirus disaster. Stitt declined to sign a third bill passed as part of a package by the Legislature on Monday.